What Is Form 990: Return of Organization Exempt From Income Tax? Even organizations exempt from paying federal income tax must report their activities annually to the Internal Revenue Service (IRS).

Robert W. Wood is a tax lawyer focusing on taxes and litigation. Closeup of Form 1099-NEC and 1099-MISC. The IRS has reintroduced Form 1099-NEC as the new way to ... [+] report self-employment ...

offsetting tax potentially owed on future gains. Form 1099-C documents the cancellation of debt. If your debt was forgiven, your lender will send that documentation to both you and the IRS.

If you have a tax paper from someone other than your employer, you may have received a 1099. But what does the form mean, and ...