All organizations that hired independent contractors in 2024 must file Forms 1099-NEC, Nonemployee Compensation, by January ...

Before 2020, all nonemployee compensation was reported in box 7 on Form 1099-MISC. Form 1099-NEC was resurrected in 2020 to address confusion related to dual-filing deadlines of Jan. 31 and March ...

Knowing when to issue which kind of 1099 form to someone you paid money to can be a mystery to small business owners, but ...

It's tax season, and if you've received an unfamiliar income form this year, it might be a 1099 tax form. A 1099 form is used ...

The form is dedicated to reporting non-employee compensation, which was previously reported on Form 1099-MISC. Find details about other types of 1099 forms. What is non-employee compensation? If ...

IRS Forms 1099 are critical to IRS information return matching so the IRS can match your tax reporting and send tax notices to collect additional taxes with ease.

IRS rules say that interest earned on bank accounts is taxable income. If you earned a bonus when opening a new account, you ...

Form 1099-MISC documents miscellaneous income. If you received a payout of over $600 in a given year from a business, you should have received a 1099-MISC. Types of income include prize money ...

Tax filing season is officially underway and taxpayers should be on the lookout for W-2 and 1099 forms, among other ...