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 ...

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 ...

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 ...

2. Including payment processed 1/3/2012 & paid 1/5/2012 for hours worked 12/16-12/31/2011 in my 2011 1099-Misc total Is the above the correct way to report? This is a Federal Tax question, as I live ...

You know that everyone makes some mistakes. If you receive an IRS Form 1099-MISC (for miscellaneous) it is important to be sure it is correct. If the form is not correct, contact the person that ...

On July 6, 2020, the IRS issued Tax Tip 2020-80 to remind business taxpayers that, commencing with payments made in 2020, they must report any payments of over $600 per year for services by ...

If you run a small business and work with independent contractors, the different tax forms you’re responsible for processing with nonemployee hires might feel like alphabet soup. Two of the most ...

The Internal Revenue Service could be doing more to encourage businesses to report miscellaneous income payments on 1099-MISC forms, according to a new report. While businesses reported about $6 ...

The IRS instructed lenders that have erroneously filed or furnished Forms 1099-MISC, Miscellaneous Income, reporting certain payments on U.S. Small Business Administration (SBA) subsidized loans as ...

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 - ...

A little confused on how to handle this tax problem. Wife received an award from a national business organization last year. We received a 1099-MISC form with the amount of the award in the ...