You might receive this document if you have freelance work, investment income, retirement distributions or other financial ...

Independent contractors can lower their tax bill by writing off business costs like travel and insurance but should consult a ...

Unlike a full-time employee whose taxes are deducted from their paycheck, if you're an independent contractor, it's your job to pay taxes on your own—and you'll want as many 1099 tax deductions ...

the independent contractor uses Form 1099 to complete their own tax return. The most common reason for filling out Form W-9 is having income paid to you that you didn’t receive as an employee.

Keep a copy of the original form and all correspondence with the issuer for your records, the agency said. Don’t delay filing your tax return even if your 1099-K is incorrect, the IRS said.

This must then be filed by the taxpayer to the IRS. "I see a lot of people tend to forget [1099] tax forms," Ali told Newsweek. "And then when they file, they end up under-reporting. So make sure ...