Forms 1099 report a wide range of taxable income to the Internal Revenue Service (IRS). Issuers of these payments are ...

Form 1099-NEC only has one filing deadline, which is Jan. 31. If you're a freelancer or independent contractor, you should receive your 1099-NEC by this date. Unlike Form 1099-MISC, there are no ...

How to File Form 1099-NEC When filing Form 1099-NEC, there will be a Copy A and a Copy B. Copy A is only for informational purposes and should not be printed and filed, according to the IRS. Only ...

Do I Have to File a 1099? Employers who use independent contractors typically file a 1099-NEC (Non-employee Compensation) form to report the payments for services provided.

You might receive this document if you have freelance work, investment income, retirement distributions or other financial transactions.

The Internal Revenue Service has resurrected a form that hasn’t been used since the early 1980s, Form 1099-NEC, Nonemployee Compensation, with a draft version available for preview on its website.

Knowing when to issue which kind of 1099 form to someone you paid money to can be a mystery to small business owners, but we'll try to clear up any confusion.

The exception is corporations providing medical or legal services, which get a 1099-MISC. A limited liability company that chooses to be taxed as a corporation doesn't get a 1099 form either.

Despite COVID-19, the Internal Revenue Service is continuing forward with moving 1099-MISC Box 7, “Non-Employee Compensation” to a new form, the 1099-NEC. This is effective starting this tax year, ...

While Form 1099-MISC is used to report payments that aren't subject to self-employment tax, 1099-NEC reports non-employee compensation.