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 ...

You can also look up more information about each form at IRS.gov. For example, if you’re self-employed, you generally report your income from 1099-NEC on Schedule C, Profit or Loss from Business.

Sovos, the always-on compliance company, today announced the launch of 1099 Professional, a new solution designed to simplify tax information reporting for small and medium sizes businesses (SMBs).

This tax reporting change will be implemented in phases. It could be delayed again, but freelancers should plan ahead.

TaxBandits, a leading IRS-authorized e-file provider with a decade of experience, is excited to announce that Forms 1099 and W-2 are now available in their application for the 2024 tax year. With ...

TaxBandits, a leading IRS-authorized e-file provider with a decade of experience, is excited to announce that Forms 1099 and W-2 are now available in their application for the 2024 tax year.

Freelancers and independent contractors have to fill out Form W-9 for their employers and clients. Here's what to do and how ...