“Sole proprietors need to keep their own records because they aren’t necessarily going to get a 1099-NEC,” says Annette Nellen, professor and director of the graduate tax program at San Jose ...

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 ...

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