but the two primary types you need to know are the 1099-MISC and the 1099-NEC. You need to fill out Form 1099-MISC if you paid more than $600 in the following: Rent. Prize winnings. Attorney fees.

“Sole proprietors need to keep their own records because they aren’t necessarily going to get a 1099-NEC,” says Annette Nellen, professor and director of the graduate tax program at San Jose ...

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

Sage 50 Accounting is the most capable and oldest (over 40 years) accounting program we've reviewed. Available only for Windows machines, it offers full accounts payable and receivable ...

Sage 50 Accounting now works with Sage HR, the company's multi-module human resources application. It starts at $6 per user ...

Once this rule takes effect, you may still receive individual 1099-NEC forms if you were paid through direct deposit, check or cash. If you have multiple clients who pay you through PayPal ...

1099-MISC, and 1099-NEC forms. This is an example of Sage 50's depth and flexibility. Purchase transactions, like sales transactions, have dedicated landing pages. Still, it lacks some tools that ...