If part of running your business involves receiving or making payments of more than $600 for the use or occupation of property that you own, then you are going to need to report that 1099 rental ...

Like a W-2, federal 1099 tax forms report payments by businesses for services rendered. The key difference is that W-2 forms go to your workers, while 1099 forms go to non-employees. If you've paid a ...

What Is Form 1099-MISC: Miscellaneous Information? Form 1099-MISC, an essential tool provided by the IRS, is used to report various types of miscellaneous compensation, including rent, prizes, ...

View post: Amazon is selling $200 AI earbuds for just $40 that translate 198 languages in real time If you are involved in a trade or business and receive payments from other people or entities, these ...

If your business pays nonemployee compensation and other reportable payments, you must be aware of two forms: Form 1099-MISC and Form 1099-NEC. Many employers are likely familiar with Form 1099-MISC.