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Editorial Results (free)
1. Making Sense Of the 1099 Alphabet
- Thursday, April 02, 2015
Ray’s Take: As the April 15 deadline for filing taxes approaches, we are all looking at the various forms we’ve received related to tax filing.
Many people receive one or more 1099 forms with various letters following the number. These can be confusing if you don’t know what they mean, and not all dollars reported on 1099s should show up on your 1040 form as taxable income. Whatever you were paid last year, if it wasn’t wages on your W-2, it’s likely to be on a Form 1099.