Freelancers, like editors or graphic design artists; This information used to be reported on 1099-MISC until the tax year 2019. ... What to do if you don’t receive your IRS Form 1099.

When filing taxes, it's crucial to include income listed on the 1099-K by completing a Schedule C form, which reports business profits or losses. Online tax software can guide users through this ...

For the current tax year, freelancers and small business owners still only need to use 1099-K forms to report third-party app payments totaling $20,000, and any number of payments above 200.

Income documented on a 1099 should be reported on the front page of your tax return, Form 1040. Some types of 1099 income may require completing and attaching additional forms, known as schedules.

Small business owners, independent contractors and gig workers soon will be getting 1099-K tax forms if they used any payment platform on which they had at least $5,000 in business transactions in ...