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 ...
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 ...
Here's when tax season begins and ends, what to know before you file and a list of some new tax breaks that were introduced ...
Disclaimer: Always consult a tax professional to ensure you understand your business tax obligations. This article compiles information directly from the IRS and is intended as a resource and not tax ...
Forms 1099 report a wide range of taxable income to the Internal Revenue Service (IRS). Issuers of these payments are ...
Knowing when to issue which kind of 1099 form to someone you paid money to can be a mystery to small business owners, but ...
Despite COVID-19, the Internal Revenue Service is continuing forward with moving 1099-MISC Box 7, “Non-Employee Compensation” to a new form, the 1099-NEC. This is effective starting this tax year, ...
Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. This article is more than 3 years old. Closeup of Form 1099-NEC, ...
Many self-employed or freelance workers expect to receive 1099 forms, but few realize that if they were hired to do work and paid more than $600, then they need to send a 1099 form. It is a bit more ...