Not sure what an IRS 1099 tax form is? Don't worry, ... If you've been freelancing for years and no longer receive a 1099-MISC form but receive this one instead, that's why.

A 1099-K form is a relatively new IRS income tax form that freelancers and business owners who earned more than $5,000 through third-party payment platforms in 2024 may receive.

Form 1099-MISC reports miscellaneous payments, ... What to do if you don’t receive your IRS Form 1099. If you haven’t received your Form 1099, don’t panic.

Compensation paid to contractors and vendors used to be reported on Form 1099-MISC. Then in 2020, the IRS introduced Form 1099-NEC (non-employee compensation).

The House of Representatives and the Senate have both proposed changes in the reporting thresholds for Form 1099-K and Form ...

Form 1099-MISC was previously also used to document nonemployee compensation, but this was discontinued in 2020 when Form 1099-NEC was reintroduced. ... you'll also receive this tax form. 1099-Q.