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

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

Income at or above those thresholds would trigger a Form 1099-K, or report of payments you received for goods or services during the year. The law was supposed to go into effect in 2022 but was ...