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There are two different copies of Form 1099-NEC: Copy A and Copy B. Copy A is the version you'll submit to the IRS, and Copy B is the form you'll send to your contractor. Both copies must be ...
When you earn interest of $10 or more on your checking and savings accounts, your bank will file Form 1099-INT, Interest Income, and send a copy to you. The amount of interest stated on the form ...
A 1099 tax form is a statement that details an amount of money that you were paid. Learn about this important tax document and the different 1099 versions.
As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for such returns.
For a variety of reasons some Form 1099 reports may include amounts that are not actually taxable to the payee. A typical example is Form 1099-S for reporting proceeds (not gain) from real estate transactions. The Form 1099-S preparer will report the sales proceeds without regard to the amount of the taxpayer's "basis" in the real estate sold.
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