Knowing when to issue which kind of 1099 form to someone you paid money to can be a mystery to small business owners, but ...

Investopedia / NoNo Flores Form 1099-NEC is the Internal Revenue Service (IRS) form used by businesses to report payments made to independent contractors, freelancers, sole proprietors ...

That’s the most generic income category. Or, the client paying a bill might issue a Form 1099-NEC, the new form for payments to independent contractors for services. If you receive the new NEC ...

Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require ...

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 ...