The amount of the penalty for any failure with respect to these information returns depends on how quickly the failure is corrected, the filer’s gross receipts, and whether the failure is due to ...

Starting in January of next year (2026), Form 1099-DA will reshape the way cryptocurrency income is reported to the IRS. In this guide, we’ll explain what Form 1099-DA is, how it will affect ...

The 1099-R form is required to reflect the previous year’s benefit payments to retirees. In 2022, RRS issued one-time bonus payments misclassified as “non-taxable” in its payroll system.

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation.

Christiana Jolaoso-Oloyede is a freelance writer and development practitioner from Nigeria, West Africa. Her love for education and development grew while she was studying to become a lawyer ...

Incentive may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. After the accounts are opened, the amount of incentive earned will depend on meeting the additional ...

This holds true for both cash back or points and miles that you earn on your spending. However, there are still some cases where you could receive a Form 1099-MISC from credit card companies during ...

Approximately $370,000 of your million-dollar prize could go straight to the federal government. Game show winnings are reported on a 1099-MISC form, and unlike regular employment income, these ...

Conducting human subjects research requires a thorough understanding of ethical standards, regulatory requirements, and the IRB review process. This handbook provides step-by-step guidance for ...

Most US-based exchanges provide tax documentation. However, some platforms will issue IRS 1099-B and 1099-MISC forms only if you pass certain thresholds. Moreover, crypto exchanges won’t be able to ...