It's tax season, and if you've received an unfamiliar income form this year, it might be a 1099 tax form. A 1099 form is used to document income received outside of a permanent salaried job. This ...
Here's what you should know about the form 1099-A, Acquisition or Abandonment of Secured Property: A form 1099-A, Acquisition or Abandonment of Secured Property, is issued by a lender when the lender ...
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 ...
Many small businesses accept credit cards, debit cards, and money transfer app payments as payment options when customers purchase goods and services. If you're among them, you will likely receive ...
Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Closeup of Form 1099-NEC, Nonemployee Compensation. The IRS has ...
For more than 100 years, the evolution of Form 1099 has required organizations to repeatedly adjust their tax reporting and compliance strategies in order to allow the Internal Revenue Service to ...
Your nonprofit company reports the money you pay your employees on their W-2 forms. If you pay at least $600 to a non-employee during the tax year, you report it to them and the IRS on Form 1099-NEC.
Disclaimer: Always consult a tax professional to ensure you understand your business tax obligations. This article compiles information directly from the IRS and is intended as a resource and not tax ...
If you receive a form 1099-INT in the mail, count yourself lucky. Sure, it's another tax document to keep track of, but it's also an accomplishment: It means you probably earned more than $10 in ...
Raise your hand if you're anything like me and tax time kind of overwhelms you. Everyone? OK, great. Since we're all in this together, let's talk about one of the questions that defines tax time for ...
SALEM, Ore. (KTVZ) -- The Oregon Department of Administrative Services said Friday it's learned that a mailing error occurred while sending the tax form 1099-G to ...