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2. 1099 vs. W-2 Employee: What’s the Difference and What ... - AOL

   www.aol.com/1099-vs-w-2-employee-235407110.html

   One of the biggest differences between 1099 and W-2 employees is that employers are required to withhold income taxes from W-2 employees to pay the IRS –but do not withhold any taxes from 1099 ...

3. Income tax on gambling - Wikipedia

   en.wikipedia.org/wiki/Income_tax_on_gambling

   In the United States, gambling wins are taxable.. The Internal Revenue Code contains a specific provision regulating income-tax deductions of gambling losses. Under Section 165(d) of the Internal Revenue Code, losses from “wagering transactions” may be deducted to the extent of gains from gambling activities. [1]

4. Tax returns in the United States - Wikipedia

   en.wikipedia.org/wiki/Tax_returns_in_the_United...

   For example, Form W-2 and Form 1099 are used to report on the amount of income that an employer, independent contractor, broker, or other payer pays to a taxpayer. A company, employer, or party which has paid income (or, in a few cases, proceeds that may ultimately be determined not to be income) to a taxpayer is required to file the applicable ...

5. Form 1099 - Wikipedia

   en.wikipedia.org/wiki/Form_1099

   The form is used to report payments to independent contractors, rental property income, income from interest and dividends, sales proceeds, and other miscellaneous income recipients to tax professionals. This has led to the phrases "1099 workers" and "the 1099 economy" to refer to those whose income is reported on Form 1099, in contrast to a "W ...

6. Independent Contractor Taxes: A Complete Guide - AOL

   www.aol.com/independent-contractor-taxes...

   Income earned as an independent contractor is typically reported with the contractor’s Form 1040 on a Schedule C. The total amount of all income reported on Form 1099-NEC, which has replaced ...

7. Tax implications on federal and state income tax returns for ...

   www.aol.com/tax-implications-federal-state...

   Tax Talk launches its 25th year with Ken Milani and Rick Klee answering reader's questions regarding changes to the 2023 federal income taxes.