there are several types of 1099 forms. 1099-G: Details unemployment compensation, as well as any state or local tax refund that's considered income. 1099-K: Summarizes any income you ...
and initiating a no tax on tips rule. Granted, the IRS has noted, that all income, no matter the amount, is taxable unless it’s excluded by law whether a Form 1099-K is sent or not. What ...
Tax Day is approaching, and soon it will be time to begin assembling forms. If you haven't looked at them yet, all those numbers and letters – W-2, W-9, 1099 – can easily overwhelm you.