Misclassifying W-2 employees as 1099 contractors has severe penalties. Learn the biggest difference between the two types of ...

Exploring the potential for undocumented immigrants to work in the U.S. using an Employer Identification Number (EIN) reveals ...

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

Her expertise is in personal finance and investing, and real estate. Form 6251: Alternative Minimum Tax-Individuals is an Internal Revenue Service (IRS) tax form used to determine the amount of ...

A Philadelphia electrical contractor can’t bring its $1.53 million refund claim against the government because it failed to file a valid request to the IRS on time after its owner pleaded guilty to ...

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 ...

Good news from thje IRS for taxpayers who have late filings reporting foreign gifts or bequests on ... [+] Form 3520. No more automatic penalty. The IRS Commissioner Danny Werfel announced some ...

at least with respect to IRS Form 3520 and 3520-A penalties. In her NTA Blog, Ms. Collins announced that the IRS will no longer make automatic penalty assessments for late-filed IRS Forms 3520 ...

An independent contractor operates differently from a regular employee. Typically, they provide services under a contract or agreement. They set their work hours and how they accomplish their work.

Independent contractors are individuals or entities that perform work for other individuals or entities, but are not employees of those individuals or entities. Whether a worker is an employee or ...