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 ...

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 ...

For businesses across America, it’s that time again to think about the necessary IRS paperwork. But there have also been some changes, as should be no surprise. One is regarding the 1099-MISC form.

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 ...

ExpressEfile, a SPAN Enterprises product, is supporting Form W-2, 1099-MISC, and 1099-NEC for the 2020 tax year. The deadline to file Form W-2 and Form 1099-NEC is February 1, 2021. For Form 1099-MISC ...

Learn how to fix errors, report missing forms, and stay compliant with the IRS before filing your 2024 tax return.

Despite COVID-19, the Internal Revenue Service is continuing forward with moving 1099-MISC Box 7, “Non-Employee Compensation” to a new form, the 1099-NEC. This is effective starting this tax year, ...

What is a W9 for an LLC? The IRS form that LLCs use when working with independent contractors and vendors is referred to as the LLC tax classification W9. Upon completion of the W-9 form, the company ...

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. Self-employment tax can ...