Consider working with a tax professional if you are a company or individual working with 1099-LS and 1099-SB forms. SSA-1099 The SSA-1099 documents Social Security benefits income.

If the 1099-K shows the sale of a personal item that was sold at a loss, you'd have to reconcile that on your tax return. ... 1099-K: What this tax form means when filing in 2024.

IRS Tax Attorney Steven A. Leahy of the Law Office of Steven A. Leahy, PC with Opem Tax Advocates joins the program to ...

If you take a DIY approach to your taxes, it's easy to make costly mistakes — make sure you have a plan to get it all right.

For 2024, the Child Tax Credit is worth up to $2,000 for each qualifying child. A child must be under age 17 at the end of 2024 to be a qualifying child. Find more info from the IRS here. 1099-K forms ...

NEXT explains that if you’re an independent contractor, it’s your job to pay taxes on your own—and you’ll want as many 1099 tax deductions as you can take.

The IRS will have much less of a view into how much income small businesses and independent contractors make because there will be much less third-party reporting required under Trump’s new law.

Burgess has always been over the threshold to receive the 1099-K tax form. Those online platforms used to only mail the form if the payment reached $20,000 and 200 transactions.