Prior to 2020, this kind of payment was reported on Form 1099-MISC. However, the IRS revised its forms in 2020 and separated payments to self-employed contractors on its own form, which became ...

For the 2020 tax year, Coinbase is issuing a new tax form (1099-MISC) and abandon the Form 1099-K which created a tax nightmare for many taxpayers.

Prior to 2020, this kind of payment was reported on Form 1099-MISC. However, the IRS revised its forms in 2020 and separated payments to self-employed contractors on its own form, which became ...

Understanding Form 1099-MISC requirements Although less common, businesses in certain industries may use Form 1099-MISC to report specific types of payments.

Despite COVID-19, the Internal Revenue Service is continuing forward with moving 1099-MISC Box 7, “Non-Employee Compensation” to a new form, the 1099-NEC. This is effective starting this tax year, ...

Instructions on how to file amended returns are contained in the Form 1099-MISC and Form 1099-NEC, Nonemployee Compensation, instructions and the IRS’s 2020 General Instructions for Certain ...

If you made money from freelancing or gig economy work in 2020, you will receive a new tax form by February 1, 2021— Form 1099-NEC. This replaces Form 1099-MISC, which companies have to send ...

The IRS loves Forms 1099, which allow for computer matching against tax returns. Businesses must send out Forms 1099 by Jan. 31. But even if you don't receive one, However, don't assume you're off ...

Got Gigs? Get Smart About Your 1099-MISC Tax Form Robert Powell Feb 11, 2020 2:09 ...