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 ...

(MoneyWatch) With more folks being self-employed, and paying for the services they need to run their businesses, it's become important for these individuals to know IRS rules and requirements for ...

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.

Along with the returns for your own business taxes every year, you probably have to make out what the IRS calls information returns. These are the 1099 forms used to report payments to independent ...

Form 1099-MISC serves a record of income made outside of standard employment. A business generates the form and must send it to the recipient and the Internal Revenue Service by a specific date every ...

Examples of services include all services performed (including parts and service), honorariums, director’s fees, guest lecturers, commissions, performances, entertainment, accountants, architects, etc ...

Korrena Bailie has over a decade of experience reporting and editing personal finance stories and reviews. Her work has been featured in Wirecutter, The New York Times, Bankrate and Credit Karma.

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Tax Form 1099-misc on a white background. You need to report what ...

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 ...