Despite COVID-19, the Internal Revenue Service is continuing forward with moving 1099-MISC Box 7, “Non-Employee Compensation” to a new form, the 1099-NEC. This is effective starting this tax year, ...

Knowing when to issue which kind of 1099 form to someone you paid money to can be a mystery to small business owners, but ...

If your business pays nonemployee compensation and other reportable payments, you must be aware of two forms: Form 1099-MISC and Form 1099-NEC. Many employers are likely familiar with Form 1099-MISC.

Form 1099-NEC is used for reporting compensation paid to nonemployees. Here's what you need to know. Many, or all, of the products featured on this page are from our advertising partners who ...

Korrena Bailie has over a decade of experience reporting and editing personal finance stories and reviews. Her work has been featured in Wirecutter, The New York Times, Bankrate and Credit Karma.

What Is Form 1099-MISC: Miscellaneous Information? Form 1099-MISC, an essential tool provided by the IRS, is used to report various types of miscellaneous compensation, including rent, prizes, ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Tax Form 1099-misc on a white background. Self-employment tax can ...

Certain payments you make to workers or other companies that provide services to your retail business must be reported on Internal Revenue Service Form 1099. Most payments related to the retail ...

ALLENTOWN, Pa., Jan. 15, 2020 /PRNewswire-PRWeb/ -- Halfpricesoft.com's latest ez1099 tax preparation software is easy to use for processing 1099 forms before the upcoming deadlines. See filing ...

Form 1099-PATR has been around for many years without too many significant changes. Starting with 2019 we will start to see some changes, specifically the addition of Box 7 - Qualified Payments. This ...