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 ...

View post: Amazon is selling $200 AI earbuds for just $40 that translate 198 languages in real time If you are involved in a trade or business and receive payments from other people or entities, these ...

(MoneyWatch) With more folks being self-employed, and paying for the services they need to run their businesses, it's become important for these individuals to know IRS rules and requirements for ...

Michigan Tech is required to file Form 1099-MISC and Form 1099-NEC for each calendar year, for the following items: Examples of services include all services performed (including parts and service), ...

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 ...

Business owners, including corporations, are required by the Internal Revenue Service to report compensation paid to employees and contractors. The Internal Revenue Service (IRS) also requires you to ...

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, ...

Small-business owners commonly make or receive payments that must be reported to the Internal Revenue Service. Many of these payments are reported using Form 1099-MISC. To fill out this form, though, ...

2. Including payment processed 1/3/2012 & paid 1/5/2012 for hours worked 12/16-12/31/2011 in my 2011 1099-Misc total Is the above the correct way to report? This is a Federal Tax question, as I live ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Yet as we'll see, you are better off in most cases not asking for ...