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 ...

For example, Form 1099-NEC, used to report payments to independent contractors, must be furnished by February 2, 2026. As ...

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 ...

At the end of each year, individuals who have an employment contract with a company get a Form W-2 that summarizes their income and tax withholding. For individuals with self-employment and other ...

If you've earned interest on a bank account or money market fund, or received dividends from stocks or mutual funds, the bank or brokerage firm that holds your money must send you a form 1099-INT (for ...

The Internal Revenue Service requires businesses to submit what it calls "information returns" to counteract tax evasion. One of them, the W-2, tells the IRS an employee's income. Another, Form 1099, ...

Taxes are complicated. Whether preparing your tax return or filing your tax return, chances are you’re not completely confident in the numbers you’re seeing. But like most Americans, you’ll also be ...

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 ...