Forms 1099 can be wrong. Say you were paid a consulting fee of $30,000, but the 1099 you receive is for ten times that, $300,000? What should you do?

Self-employment tax requires you to pay 15.3% of your total earnings. This tax is levied to pay into Social Security and ...

There is some variation to when forms needed to do your taxes will arrive, so it's good to start with contacting the firm ...

As an example, the website for Fidelity Investments includes a Tax Form Schedule with the "approximate availability of tax forms". Form 1099- R has a Jan. 31, 2025, reporting deadline, while Form 1099 ...

If you received more than $5,000 for online sales of “goods or services” in 2024, you might get a Form 1099-K. Don’t ignore ...

The Internal Revenue Service (IRS) issued proposed regulations providing guidance on how to interpret and implement changes to ...

From how to file for free to what forms payment processors like Venmo are sending, we have the guide on what to know about ...

The IRS is always on the lookout for tax returns that just don't make sense. Making these five errors can increase the ...

Businesses must meet the February 18, 2025 deadline to furnish recipient copies of Forms 1099-B, 1099-S, and 1099-MISC (Boxes 8 and 10) ...

"It's taxable income," said Matthew Foreman, a tax attorney and partner at law firm Falcon Rappaport & Berkman. The winnings are income even if the prediction platforms don't send a notice formally ...

Have you received a 1099 tax form that you don’t understand? Our guide describes the basics of the nearly two dozen different ...

The IRS has long said any gambling winnings are completely taxable ... A Kalshi spokesperson said the company "provides a statement for users with their history similar to a 1099-B they would receive ...