Because of how IRS computer systems are configured, the IRS computers will not detect an over-reporting of income and send ...
Forms 1099 can be wrong. Say you were paid a consulting fee of $30,000, but the 1099 you receive is for ten times that, $300,000? What should you do?
Maybe you received Form 1099-DIV? That’s for dividend income ... the IRS still requires you to report it on your tax return (under the “other income” line on Form 1040 or 1040-SR).
If you sell goods or services or rent property, and get paid through Venmo, PayPal, Cash App or another payment app, you may ...
Here’s why you might be among ... reported on Form 1099-K Form 1099-K reports various types of payments, which affect how you report your income on your Form 1040 and related forms and schedules.