If your business pays nonemployee compensation and other reportable payments, you must be aware of two forms: Form 1099-MISC and Form 1099-NEC. Many employers are likely familiar with Form 1099-MISC.

You'll receive a 1099-K form if you use a third-party payment service, such as PayPal, Venmo or CashApp, to receive freelance ...

The key to Forms 1099 is the IRS' computerized matching. The IRS matches each 1099 with your tax return based on your Social ...

This date marks the deadline for furnishing recipient copies of Forms 1099-B, 1099-S, and 1099-MISC (for amounts reported in Boxes 8 and/or 10). Failing to meet this deadline can result in IRS ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation.

As tax season ramps up, more than 30 million taxpayers across the U.S. are now eligible to file their federal tax returns ...

Learn which payment apps report transactions to the IRS, including Zelle, Venmo, and CashApp. Understand how reporting ...

If you sell goods or services or rent property, and get paid through Venmo, PayPal, Cash App or another payment app, you may ...

As a freelancer or gig worker, you may also be used to receiving either a form 1099-MISC or 1099-NEC for the work that you do. Companies are required to issue these forms for any work over $600 ...