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.

Each January, your mailbox and email are likely filled with tax forms. You'll receive a W-2 reporting your wages if you work for an employer. But if you do any self-employed or freelance ...

NEXT explains that if you're an independent contractor, it's your job to pay taxes on your own—and you'll want as many 1099 tax deductions as you can take.

Don't panic. Here's what you need to know about this tax from. The IRS said the 1099-K form is a report of payments you received for goods or services during the year if you made any money or ...

A notable development is Montana's introduction of the Form 1099-DA mandate, reflecting a broader trend toward increased oversight of digital asset transactions. This article provides an overview of ...

Other types of income, whether from contract work or investment income, get reported via a 1099 form. These 1099 forms ... owners may receive a 1099-MISC, which documents income received from ...

However, instead of using Code 2 in Box 7 of Form 1099-R, the issuer used Code 1, which means that no exception applies. This could lead the IRS to believe the amount reported on Form 1099-R is ...

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

Dividends from the Permanent Fund are taxable by the federal government. The State of Alaska provides a 1099-MISC form which can be used for reporting the income on your federal tax return.

If you receive Social Security benefits, you’ll need the SSA-1099 form (or SSA-1042S for noncitizens) for tax filing. These forms are mailed in January, but if lost or missing, replacements can be ...

We may not all find the same things funny but all cultures in the world laugh. Why do we love dogs? Dogs evolved from wolves but why did they choose us humans to be their best friends? 10 Places ...