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Form 1099-NEC replaces 1099-MISC as the form used to report independent contractor income. If you paid an independent contract $600 or more, you’ll need to file one.
1099-G: Details unemployment compensation, as well as any state or local tax refund that's considered income. 1099-K : Summarizes any income you earned if you made at least $5,000 on a third-party ...
Form 1099 is also used to report interest (1099-INT), dividends (1099-DIV), sales proceeds (1099-B) and some kinds of miscellaneous income (1099-MISC). Blank 1099 forms and the related instructions can be downloaded from the IRS website. The following table provides information for each variant.
Every January, you should receive a Social Security Benefit Statement (Form SSA-1099) showing you the benefits you received in the prior year. You then have to disclose this Benefit Statement when ...
1099-SA: Distributions From an HSA, Archer MSA, or Medicare Advantage MSA; 1042-S: Foreign Person's U.S. Source Income; SSA-1099: Social Security Benefit Statement; SSA-1042S: Social Security Benefit Statement to Nonresident Aliens; RRB-1099: Payments by the Railroad Retirement Board; RRB-1099R: Pension and Annuity Income by the Railroad ...
Employers must report the incomes of employees and independent contractors using the IRS forms W-2 and 1099, respectively. Employers pay various taxes (i.e. Social Security and Medicare taxes, unemployment taxes, etc.) on the wages of a worker that is classified as an employee. These taxes are generally not paid by the employer on the ...
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