Independent contractors, the IRS, and some state governments need 1099 forms. Learn how to report non-employee compensation.

As long as the total of your liabilities exceeds the value of your assets when your debt is canceled, you may claim the insolvency exemption. You still have to report the canceled debt as income on ...

Keeping clear records of your income and expenses, including invoices, receipts, and proof of personal payments, is essential ...