Korrena Bailie has over a decade of experience reporting and editing personal finance stories and reviews. Her work has been featured in Wirecutter, The New York Times, Bankrate and Credit Karma.
When it comes to managing your taxes, understanding the forms you receive is half the battle. Among these, Form 1099-INT stands out if you’ve had any dealings with interest income over the past year.
Form 1099-K is used to report payments received for goods or services processed through payment apps, online marketplaces, and credit cards. The IRS has issued FAQs to explain when you might get one.