Tax season can be scary, but it doesn’t have to be. We can explain all the complicated documents and deductions, starting with the W-2 and 1099 forms for reporting your income. If you have any kind of ...

This tax year millions of independent workers will receive Form 1099-NEC in the mail or electronically — prompting questions of what it is and how to use it for taxes. Businesses use Form 1099-NEC to ...

When working as a freelancer in the US, many clients ask remote workers to fill out a special W9 form. Many newcomers do not know what it is, why this form is needed and how to fill it out correctly.

As is the case every year, we’re hearing from lots of folks confused about when to send a 1099 form or other “information returns” to someone. It is true that over time, these forms have continued to ...

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, ...

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 ...

That might as well have been the text of one provision in President Donald Trump’s mega tax-and-spending-cuts package that reverses more stringent tax-reporting requirements for payment apps when it ...

Form 1099-NEC is an IRS form used by businesses to report payments made to individuals who are not employees, specifically for services performed for their trade or business. David Zubler is a ...

Generally, 1099 forms are issued to anyone who provides your business with professional services, including independent contractors and commission-earning non-employees. — Getty Images/Kemal Yildirim ...

Editor’s note: The following was written by Shannon Sand, regional Extension educator for the University of Nebraska, for the university’s Center for Agricultural Profitability website. According to ...

This year, some gig workers, freelancers and small business owners received an unfamiliar IRS tax form: a 1099-K. If you're one of them, how you report this form on your tax return could accidentally ...