Before 2020, all nonemployee compensation was reported in box 7 on Form 1099-MISC. Form 1099-NEC was resurrected in 2020 to address confusion related to dual-filing deadlines of Jan. 31 and March ...

All organizations that hired independent contractors in 2024 must file Forms 1099-NEC, Nonemployee Compensation, by January ...

It's tax season, and if you've received an unfamiliar income form this year, it might be a 1099 tax form. A 1099 form is used ...

Last year, the Internal Revenue Service announced a phased rollout of reporting requirements for businesses who receive at least some of their income through third-party payment apps.

Navigating the complexities of tax reporting can be daunting, especially for freelancers and those with side hustles. The ...

Yes, video game marketplaces can be taxed, sometimes. Whether you're making money on Eve Online or Roblox, Minecraft or ...

Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require ...

For example, if you earned $10,000 in freelance income from a client, you'll likely receive a 1099-NEC tax form for nonemployee compensation that details your earnings. If the client paid you via ...