If you perform services as an independent contractor, then you should receive Form 1099-MISC at the end of the year. This form will tell you who paid you and how much. One copy of the form is sent to ...

Don't let tax season catch you off guard. We break down the key differences on a W-2 and 1099 forms that directly impact your ...

Whether you're a business owner who relies on independent contractors or you make your living as a freelancer, understanding the difference between Form 1099-MISC and 1099-NEC is critical to ensuring ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. This article is more than 3 years old. Closeup of Form 1099-NEC, ...

There are two main types of workers when it comes to income taxes — 1099 contractors and W-2 employees. While W-2 employees ...

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 ...

From ride-sharing apps to the rise of mobile delivery services, many Americans have turned to the gig economy to earn extra money. Currently, 36% of employed individuals are independent workers, and ...

Your nonprofit company reports the money you pay your employees on their W-2 forms. If you pay at least $600 to a non-employee during the tax year, you report it to them and the IRS on Form 1099-NEC.

You can shift to self-employment tax and quarterly estimated payments with these smart tech solutions and strategies.

Raise your hand if you're anything like me and tax time kind of overwhelms you. Everyone? OK, great. Since we're all in this together, let's talk about one of the questions that defines tax time for ...

If you recently launched a side gig or are working as a freelancer, filing self-employment taxes can feel like a daunting task. On top of running your business, finding clients and completing projects ...