Update 12/14/25: Over the past few weeks, many readers report getting the withheld tax returned to their account, either deposited directly to their Chase business account or via snailmail check. Original post 4/23/25: Many readers... Read More →
Tag - 1099
Which Banks Send Out Tax Form 1099? (Discussion Post for 2024 Tax Forms)
January and the ensuing months are Form 1099 season! Each year there are interesting developments that happen with regards to banks issuing form 1099s for interest, bank bonuses, referral bonuses, etc. Remember that time when Chase... Read More →
IRS Announces Delay On New $600 Form 1099-K Rule (2023, 2024, 2025, 2026 Details)
Update 7/6/25: A new bill passed which puts everything back to $20k and 200 transactions, like it was before any of these changes. And so for 2025 and beyond we are back to the old $20,000/200 formula. Update 12/4/24: The IRS recently... Read More →
(Update: Reversed) Chase Sending Out 1099s For Select Credit Card Signup Bonuses & More
Update 3/22/24: More reports that an amended 1099 will be sent out within the next few weeks. Update: now, Readers are reporting already receiving the corrected 1099 which leaves the Marriott bonus off. Yay! Update 3/3/24: There are... Read More →
Which Banks Send Out Tax Form 1099? (Discussion Post for 2023 Tax Forms)
January and the ensuing months are Form 1099 season! Each year there are interesting developments that happen with regards to banks issuing form 1099s for interest, bank bonuses, referral bonuses, etc. Remember that time when Chase... Read More →
The Downside Of Credit Card Signup Bonus With Zero Spend Requirement (1099)
There’s an interesting report from a reader that Chase might issue a 1099 for credit card signup bonuses which don’t have a spend requirement. We’ve seen those kinds of signup bonus offers from Chase on the Amazon... Read More →
Which Banks Send Out Tax Form 1099? (Discussion Post for 2022 Tax Forms)
[Update 3/28/23: Added a bunch of things below. Reposting now since Public sent out corrected form 1099s now with the bonus included there, along with some other minor (for me) changes. You can find it here.] January and the ensuing... Read More →
Capital One Counts Global Entry Credit On Form 1099-MISC
Viewfromthewing heard in a statement from Capital One that they count TSA Precheck/Global Entry credits in your form 1099-MISC toward the $600 threshold. Here was the official statement: Required reportable payments include certain... Read More →
Some Chase Customers Now Getting 1099-MISC For Years 2019/2020
A number of Chase users are now getting notice that they’ll soon receive a 1099-MISC for income which the bank did not properly report during years 2019 or 2020: We issued an IRS Form 1099-MISC for credits you received in 2019... Read More →
About That 1099-K From Paypal
There’s been a lot of discussion about the new 2022 federal rule strengthening the requirement for payment processors and businesses to issue a form 1099-K, see Stimulus Bill Requires Payment Processors & Businesses To Report... Read More →
Report: Bank of America Sending Out 1099-MISC for Credit Card Signup Bonus
Yep, it’s that season again. Every year there’s at least one story of a bank doing something wonky with their 1099s. This year the honors go to Bank of America who are apparently sending out 1099-MISC for credit card signup... Read More →