Robert W. Wood is a tax lawyer focusing on taxes and litigation. Closeup of Form 1099-NEC, Nonemployee Compensation. The IRS has reintroduced Form 1099-NEC as the ... [+] new way to report self ...

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 ...

That should tell you about each IRS Form 1099 issued to you. The 1099-NEC form tips off the IRS to collect self-employment taxes, in addition to income tax. In fact, apart from wages, whatever you ...

If you don’t file both, you will not be taking the largest possible deduction. 1099-NEC. You’ve probably heard the question (not from me, I hope), “Are you 1099 or W-2?” This is just tax ...

As is the case every year, we’re hearing from lots of folks confused about when to send a 1099 form or other “information returns” to someone. It is true that over time, these forms have ...

The IRS aims to help individuals and families avoid these costs. If your income comes from gig work, contract work (Form 1099-NEC), rental properties or self-employment, you'll need to explore ...

Offering comprehensive capabilities including IRS eFile, print and mail services, 1099-NEC direct-state reporting and Form 1042 Modernized eFile reporting, users can handle their 1099 reporting needs ...