If the income reported on Form 1099-NEC is not self-employment income, but instead from a sporadic activity or hobby, report it on line 8, “Other Income,” on Schedule 1 (1040). What Is a 1099 ...

Form 1099-NEC documents nonemployee compensation. You'll receive this form if you were self-employed (gig worker, freelancer) or did independent contractor work amounting to over $600 last year.

Last year, the Internal Revenue Service announced a phased rollout of reporting requirements for businesses who receive at ...

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

Your device does not support the audio. SPRINGFIELD – 1099-G tax forms are now available for claimants who received ...

Taxpayer was liable for self-employment tax on income reported as “other income” and an accuracy-related penalty, the U.S. Tax Court held, affirming the IRS’s determinations. Taxpayer, an individual, ...

Listen to a short summary Read by Dana G. Your browser does not support the audio element.Taxes are due on Tuesday, April 15, ...

It's tax season, and if you've received an unfamiliar income form this year, it might be a 1099 tax form. A 1099 form is used to document income received outside of a permanent salaried job.