Keep in mind that you’re not the only one who receives these forms – the IRS is getting copies, too. Here’s everything you need to know about 1099s at tax time. A 1099 is a tax document that ...
Robert W. Wood is a tax lawyer focusing on taxes and litigation. Closeup of Form 1099-K, Payment Card and Third Party Network Transactions, an IRS information return ... [+] used to report certain ...
Additionally, early estimates indicated the IRS could have received 30 million more 1099-K forms for the upcoming filing season than in the previous tax year. Many would be for people without a ...
“The IRS tried to reduce the form to postcard size, but this required additional schedules to be attached. And every year after that, the tax form gets expanded," Abby Eisenkraft, an enrolled ...