Whether you're a business owner who relies on independent contractors or you make your living as a freelancer, understanding the difference between Form 1099-MISC and 1099-NEC is critical to ensuring ...

What is a Form 1099-MISC? A 1099-MISC is a type of tax form. It is used to report miscellaneous income for individuals and companies who have been paid $600 or more in non-employee service payments ...

If your business files Form 1098, 1099 or other information returns with the Internal Revenue Service (IRS), a major shift is on the horizon. The ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Closeup of Form 1099-NEC, Nonemployee Compensation. The IRS has ...

Making a certain amount of cash from pursuing a passion or by having your own side gig means you owe taxes, according to the Internal Revenue Service, but you won’t receive a W-2 form as you would ...

Small-business owners commonly make or receive payments that must be reported to the Internal Revenue Service. Many of these payments are reported using Form 1099-MISC. To fill out this form, though, ...

Your nonprofit company reports the money you pay your employees on their W-2 forms. If you pay at least $600 to a non-employee during the tax year, you report it to them and the IRS on Form 1099-NEC.

Did you just receive a form called a 1099-K, a form that you never, ever saw in your lifetime? Well, do not ignore any 1099-K that pops up. Take your time to understand this one. More taxpayers will ...

The IRS instructed lenders that have erroneously filed or furnished Forms 1099-MISC, Miscellaneous Income, reporting certain payments on U.S. Small Business Administration (SBA) subsidized loans as ...

Freelancers making $5,000 from third-party payment apps will be required to report it on their taxes. The Internal Revenue Service (IRS) now requires freelancers to report payments of $5,000 and up ...

If you received interest income throughout the year, you'll probably receive a Form 1099-INT detailing those payments. Here's what it means and what to do with it. Many, or all, of the products ...