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The Internal Revenue Service requires businesses to submit what it calls "information returns" to counteract tax evasion. One of them, the W-2, tells the IRS an employee's income. Another, Form 1099, ...

SAN ANTONIO , Jan. 30, 2025 /PRNewswire/ -- All organizations that hired independent contractors in 2024 must file Forms 1099-NEC, Nonemployee Compensation, by January 31 to avoid costly penalties.

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We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Millions of Americans receive 1099-Ks from third-party payment platforms like PayPal, Venmo, Stripe, and more every year. But for the 2025 tax year, that number is expected to soar. The IRS announced ...

Christmas came early (again) this year for many taxpayers and tax professionals. The IRS has announced that it would (again) delay the new $600 Form 1099-K reporting threshold for third-party ...

Approximately three-quarters of businesses haven't yet automated their 1099 information reporting for their taxes, according to a new report from Avalara. Processing Content The survey, released ...

The “One Big Beautiful Bill Act” signed into law on July 4, 2025, makes two important changes to tax reporting requirements that should be of interest to employers. Payments to non-employees for ...

The IRS has issued a one-year delay for the 1099-K tax reporting rule, requiring payment services to issue the form for business transfers of more than $600. "It's massively welcome," said Albert ...

The U.S. Infrastructure and Jobs Act ushered in “broker reporting” rules for centralized crypto exchanges, effectively turning digital assets into securities for purposes of the Section 6045 reporting ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. This article is more than 3 years old. Closeup of Form 1099-K, ...