Each January, your mailbox and e-mail is likely filled with tax forms. If you work for an employer, you'll receive a W-2 reporting your wages. But if you do any self-employed or freelance work… ...

A 1099 tax form is a statement that details an amount of money that you were paid. Learn about this important tax document and the different 1099 versions.

For more than 100 years, the evolution of Form 1099 has required organizations to repeatedly adjust their tax reporting and compliance strategies in order to allow the Internal Revenue Service to ...

Filling Out a 1099 for a Sole Proprietorship. Reporting payments made to independent contractors is one of those must-do tasks at the end of every year. The Internal Revenue Service requires you ...

What Is Form 1099? A Form 1099 is issued to report non-employment income to the Internal Revenue Service (IRS). This type of income can include interest from your bank, dividends from investments ...

Defining Form 1099-MISC Form 1099-MISC instructions state that businesses must issue the form whenever they pay $600 or more per year to a non-employee entity working with that business.

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 ...

While Form 1099-MISC is used to report … Continue reading → The post Form 1099-MISC vs. 1099-NEC appeared first on SmartAsset Blog.

One of the significant changes affecting next year's filing season is the provision in the American Rescue Plan Act lowering the minimum reporting threshold for payment card transactions (debit, ...