Tax season began this week, and there's a good chance you've already received one or more 1099 tax forms. But what are they for, and why do you need to pay attention to them? Let's break it down.

You’ll still have to report taxable income you received from goods or services, even if you don’t receive the form. See the IRS updated 1099-K factsheet for more information about the current rules ...

Failing to report a Form 1099 on your tax return (or at least to explain it) is likely to get you an IRS notice in the mail asking you to pay tax on the amount you failed to report. Thus ...

If you receive a 1099-INT, the tax form that reports ... Items that can be reported on a Form 1040-SR tax return Since Form 1040-SR is functionally the same as Form 1040, you can report all ...

Robert W. Wood is a tax lawyer focusing on taxes and litigation. Closeup of Form 1099-K, Payment Card and Third Party Network Transactions, an IRS information return ... [+] used to report certain ...

Form 1099-K is an IRS information reporting form. The form contains information, for your tax return, about the gross amount of payment transactions that you had on a third-party payment network ...

Whom do I contact with questions regarding how to report the amounts from Form 1099-MISC on my tax return? Please direct these questions to your tax professional or to the IRS. Please visit ...

You pay capital gains taxes with your income tax return, typically using Schedule D. The data from Form 1099-B helps you fill out Schedule D and Form 8949 if needed. If you owned an asset ...

IRS Form 1099-K gets a lot of attention each tax season. That’s in part because the 1099-K form is used to report certain payments from payment cards and third-party network transactions.

“The IRS is now testing its own in-house tax return preparation software ... There’s been a lot of talk about Form 1099-K, which reports payments users collect through mobile apps.

See the IRS updated 1099-K factsheet for more information about the current rules and what to report on your tax return. You should receive your Form 1099(s) in the mail or electronically ...