But the newest form is Form 1099-NEC, and it covers the waterfront for any independent contractor. The explosion of gig workers means they now have their own 1099 form. Up until 2020, if you were ...

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 ...

Here’s what I’ve learned: I don’t have to withhold taxes for independent contractors like I do for employees. I must report ...

Misclassifying W-2 employees as 1099 contractors has severe penalties. Learn the biggest difference between the two types of ...

"The 1099 form just tells the IRS that the income ... a wide range of different types of income. These include independent contractor income, rents, royalties, gambling winnings, interest from ...

Robert W. Wood is a tax lawyer focusing on taxes and litigation. Closeup of Form 1099-K, Payment Card and Third Party Network Transactions, an IRS information return ... [+] used to report certain ...