Forms 1099 report a wide range of taxable income to the Internal Revenue Service (IRS). Issuers of these payments are ...

The main difference between a W-9 and a 1099 is that you fill out a W-9, while the business or entity that is paying you ...

The end of the year means many reporting responsibilities for employers. You must generate W-2s for employees and 1099-NECs for contractors. It is important to correctly classify your workers to avoid ...

Unlike a full-time employee whose taxes are deducted from their paycheck, if you're an independent contractor, it's your job to pay taxes on your own—and you'll want as many 1099 tax deductions as you ...

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.

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. This article is more than 3 years old. Closeup of Form 1099-NEC, ...

Why It’s Crucial to Classify Your Employees Correctly (1099 Contractors vs. W-2 Employees) Your email has been sent Understand the key differences between 1099 contractors and W-2 employees to ...