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2. IRS 1099 Tax Form Explained: Here’s Everything You ... - AOL

   www.aol.com/irs-1099-tax-form-explained...

   A 1099 tax form is a statement generated by any entity or person — excluding your employer — that details an amount of money that you were paid. Copies of the form are sent to both you and the ...

3. 1099 vs. W-2 Employee: What’s the Difference and What Does It ...

   www.aol.com/1099-vs-w-2-employee-235407110.html

   A 1099 form is used to report a wide range of types of income. A 1099-NEC, which stands for nonemployee compensation, is the form used to report compensation to independent contractors ...

4. Above-the-line deduction - Wikipedia

   en.wikipedia.org/wiki/Above-the-line_deduction

   t. e. In the United States tax law, an above-the-line deduction is a deduction that the Internal Revenue Service allows a taxpayer to subtract from his or her gross income in arriving at "adjusted gross income" for the taxable year. These deductions are set forth in Internal Revenue Code Section 62. A taxpayer's gross income minus his or her ...

5. Internal Revenue Code section 409A - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code...

   t. e. Section 409A of the United States Internal Revenue Code regulates nonqualified deferred compensation paid by a "service recipient" to a "service provider" by generally imposing a 20% excise tax when certain design or operational rules contained in the section are violated. Service recipients are generally employers, but those who hire ...

6. Form 1099 - Wikipedia

   en.wikipedia.org/wiki/Form_1099

   Form 1099 is one of several IRS tax forms (see the variants section) used in the United States to prepare and file an information return to report various types of income other than wages, salaries, and tips (for which Form W-2 is used instead). [1] The term information return is used in contrast to the term tax return although the latter term ...

7. Tax-deferred: What does it mean and how does it benefit you?

   www.aol.com/finance/tax-deferred-does-mean-does...

   First, they lower your annual taxable income when you contribute to them. When you add money to a tax-deferred account such as a traditional 401 (k), it may come out of pre-tax income, reducing ...