“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 ...

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 ...

After two years of delays, the IRS's third-party payment apps reporting change might impact your 2024 tax return.

Businesses and tax professionals can now begin uploading ... The major forms supported on Tax1099 include : - Form 1099-NEC : For payments to non-employees, like freelancers and contractors.

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).

Offering comprehensive capabilities including IRS eFile, print and mail services, 1099-NEC direct-state reporting and Form 1042 Modernized eFile reporting, users can handle their 1099 reporting ...