If you pay independent contractors $600 or more annually, you must report those payments to the IRS on Form 1099-NEC. The process is fairly simple if you only need to send one or two, but it gets more ...

Learn how to fix errors, report missing forms, and stay compliant with the IRS before filing your 2024 tax return.

Before filing, it’s a good idea to double check your IRS Forms 1099. They remind you that you earned interest, received a ...

Employers who pay independent contractors for work that is not paid through their payrolls do not take out deductions. The contractors file their own taxes and make the payments. As a result, ...

If you need help with your small business, an independent contractor gives you freedom to use the help without providing employee benefits. You may act as a contractor, hiring independent contractors ...

It's tax season, and if you've received an unfamiliar income form this year, it might be a 1099 tax form. A 1099 form is used to document income received outside of a permanent salaried job. This ...

If you've already filed your tax return, and get a form 1099-C in the mail afterwards, it might mean that you didn't report the correct amount of taxable income. Here's what you need to know about the ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. More than a few observers are probably wondering how they too can ...