Difference Between Form 1099-MISC and Form 1099-NEC
Here’s a simple guide to understanding the difference between Form 1099-MISC and 1099-NEC. If you’ve been following the tax updates from the IRS, you must …
Tag: Different Types of 1099 Forms
What’s The Difference Between 1099 and W-2 Tax Forms?
Understand the difference between a W-2 form and a 1099 form + tips to file both forms easily to comply with the IRS. The tax …
What Is Form 1099-NEC?
This Form 1099-NEC is used to report non-employee compensation; it is a new form as of the tax year 2020. This replaces form 1099-MISC Box …
What Is Form 1099-OID?
The IRS Form 1099-OID, or original issue discount, needs to be filed for multiple different reasons. The form keeps track of what discounts you may …
What Is Form 1099-S?
What is Form 1099-S? It is used to report the sale or exchange of real estate transactions to the IRS. Know more information about the 1099-S. …
What Is Form 1099-R?
The Payment Settlement Entities (PSE) file a form 1099-R for payments made in settlement for a reportable payment transaction. These include payments made through credit …
What Is Form 1099-PATR?
Form 1099-PATR – This form is used to report taxable distributions received from cooperatives. Cooperatives use this form to report how much they paid each …
What Is Form 1099-K?
Form 1099-K – This form is used to report merchant cards and third-party network payments. Payment Settlement Entities (PSE) use this form to report payments …
What Is Form 1099-INT?
Form 1099-INT is used to report interest income. Payers of interest income use this form to report the amount paid to investors at year’s end. …
What Is Form 1099-G?
Form 1099-G – This form is used to report certain government payments. Federal, state, and local governments use this form to report unemployment compensation, income …