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.

Michigan Tech is required to file Form 1099-MISC and Form 1099-NEC for each calendar year, for the following items: Examples of services include all services performed (including parts and service), ...

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 ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Closeup of Form 1099-NEC and 1099-MISC. The IRS has reintroduced ...

Small-business owners commonly make or receive payments that must be reported to the Internal Revenue Service. Many of these payments are reported using Form 1099-MISC. To fill out this form, though, ...

A 1099 form is used to report forms of non-employment income to the Internal Revenue Service (IRS). Businesses are typically required to issue a 1099 form to a taxpayer other than a corporation who ...

My daughter asked for a pair of throwback Nike sneakers this week to match her ringer tees and scrunchies. Not to be outdone, my son wants a DeLorean. It feels like we’re heading back to the 1980s - ...

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 ...