Each January, your mailbox and email are likely filled with tax forms. You’ll receive a W-2 reporting your wages if you work for an employer. But if you do any self-employed or freelance work, you may ...

If you perform services as an independent contractor, then you should receive Form 1099-MISC at the end of the year. This form will tell you who paid you and how much. One copy of the form is sent to ...

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, ...

A variety of 1099 Forms are used to report income to the IRS Fact checked by Vikki Velasquez Forms 1099 report a wide range of taxable income to the Internal Revenue Service (IRS). Issuers of these ...

Making a certain amount of cash from pursuing a passion or by having your own side gig means you owe taxes, according to the Internal Revenue Service, but you won’t receive a W-2 form as you would ...

What Is Form 1099-DIV, Dividends and Distributions? The term Form 1099-DIV, Dividends and Distributions refers to an Internal Revenue Service (IRS) form sent by banks and other financial institutions ...

Fact checked by Vikki Velasquez Key Takeaways If you have income from work, your employer should provide you with either a W-2 or 1099-NEC form showing both your income and any withholding.Your ...

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 ...

Large companies can spend over 100 hours filing thousands of 1099 tax forms, a “significantly more complex” undertaking than ...

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 ...

If you receive a Form 1099 you think is wrong, you can ask the payer to correct it. They can destroy the incorrect one if they have not already sent it to the IRS. If it's too late, they can issue a ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. But more generally, incorrect Forms 1099 are not uncommon. At a ...