How you’re classified as an employee will affect how you file your taxes. So, does that mean you’re a W-2 or a 1099 employee? If you’re an employee, you’ll receive a W-2. And if you’re ...

the IRS reintroduced the 1099-NEC, which companies now use to report money paid to people who did work for them but weren't employees. In other words, if you freelanced, were self-employed or had ...

Employees cannot contribute their own money ... With more retirement options available than ever, 1099 workers face increased complexity when choosing the best plan for their business.

We may be assessed penalties for the following: Incorrect Taxpayer Identifications Numbers (TIN) Failure to issue 1099 when required Incorrect amount(s) on 1099 Failure to back-up withholding for ...

Because of how IRS computer systems are configured, the IRS computers will not detect an over-reporting of income and send ...

All pages of Form 1099-DIV are available on the IRS website. You should receive this form if you worked for someone as an independent contractor. If you're self-employed and have several clients ...

Form 1099-MISC: Miscellaneous Income Independent contractors, freelancers, sole proprietors, and self-employed individuals receive Form 1099-MISC from each client that paid them $600 or more in a ...

Self-employed individuals who perform services for a business and receive $600 or more in nonemployee compensation should receive a Form 1099-NEC from the organization that paid them. Businesses must ...

credit card processors and intermediary payment service providers to send this form 1099-K to any self-employed individual or business that received more than 200 transactions or more than $20,000 ...