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  2. 4 Common Tax Forms To Start Watching For in Your Mail - AOL

    www.aol.com/4-common-tax-forms-start-190047029.html

    1099-NEC: reports “non-employee compensation,” also known as self-employment income (formerly reported under 1099-MISC) 1099-B: reports your investment transactions made with a broker

  3. Will You Have To Pay Taxes to the IRS When You Resell ... - AOL

    www.aol.com/pay-taxes-irs-resell-tickets...

    This means that if you sold concert tickets for less than $20,000 and received the money in 2023, you shouldn’t get a 1099-K. ... 1099-K amount), on Part II – Line 24z – using the ...

  4. IRS 1099 Tax Form Explained: Here’s Everything You ... - AOL

    www.aol.com/irs-1099-tax-form-explained...

    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.

  5. IRS tax forms - Wikipedia

    en.wikipedia.org/wiki/IRS_tax_forms

    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.

  6. Form 1099-MISC - Wikipedia

    en.wikipedia.org/wiki/Form_1099-MISC

    In the United States, Form 1099-MISC is a variant of Form 1099 used to report miscellaneous income. One notable use of Form 1099-MISC was to report amounts paid by a business (including nonprofits [1]: 1 ) to a non-corporate US resident independent contractor for services (in IRS terminology, such payments are nonemployee compensation), but starting tax year 2020, this use was moved to the ...

  7. Independent contracting in the United States - Wikipedia

    en.wikipedia.org/wiki/Independent_contracting_in...

    In the United States, any company or organization engaged in a trade or business that pays more than $600 to an independent contractor in one year is required to report this to the Internal Revenue Service (IRS) as well as to the contractor, using Form 1099-NEC. This form includes the money paid, contractor's name, social security number ...

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