All organizations that hired independent contractors in 2024 must file Forms 1099-NEC, Nonemployee Compensation, by January ...

Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during ...

The Form 1099-K is meant to report income from payment apps (like Venmo or Paypal), as well as from online marketplaces or ...

IRS Forms 1099 are critical to IRS information return matching so the IRS can match your tax reporting and send tax notices ...

Direct File is a web-based service that works on mobile phones, laptops, tablets or desktop computers. It guides taxpayers ...

Michigan residents do not qualify this year for Direct File, but other free programs are out there. Did you just receive a ...

Knowing when to issue which kind of 1099 form to someone you paid money to can be a mystery to small business owners, but ...

Block Advisors by H&R Block demystifies a change impacting millions of small businesses, freelancers, and gig economy side ...

But in 2025, that number is expected to soar. The IRS announced the reporting threshold for the 1099-K form will drop from $20,000 to $5,000 this tax filing season, plummeting each year until $600.