Business owners must file IRS Form 1099-NEC (Nonemployee Compensation) whenever they pay $600 or more to an independent contractor during the tax year. Employers use this document to report various ...

A variety of 1099 Forms are used to report income to the IRS Fact checked by Vikki Velasquez Forms 1099 report a wide range of taxable income to the Internal Revenue Service (IRS). Issuers of these ...

A stock photograph of a 1099 Misc tax form. Photographed with the Canon EOS 5DSR at 50mp and the 100mm 2.8 L (IS) lens. Incorrect IRS Forms 1099 are a big tax worry. After all, Forms 1099 generally ...

The end of the year means many reporting responsibilities for employers. You must generate W-2s for employees and 1099-NECs for contractors. It is important to correctly classify your workers to avoid ...

1099 forms report income received by individuals or businesses that is not from traditional employment, like freelance payments, income from investments, retirement distributions and withdrawals from ...

You’ve probably been seeing a steady flow of items marked with that label pop up in your mailbox, and most likely your email inbox, too. They’re a harbinger of the tax season to come, and they’re ...

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 ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Millions of Forms 1099 are sent out every year. Most arrive in ...

A variety of 1099 Forms are used to report income to the IRS Forms 1099 report a wide range of taxable income to the Internal Revenue Service (IRS). Issuers of these payments are obligated to notify ...