If you pay independent contractors $600 or more annually, you must report those payments to the IRS on Form 1099-NEC. The process is fairly simple if you only need to send one or two, but it gets more ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. This article is more than 10 years old. It’s 1099 time so your ...

A classically trained French hornist by education, Nick Wolny is a managing editor at CNET Group, where he oversees the Perspectives franchise and written branded content across CNET Group's ...

Your nonprofit company reports the money you pay your employees on their W-2 forms. If you pay at least $600 to a non-employee during the tax year, you report it to them and the IRS on Form 1099-NEC.

Your 1099-R tells the IRS a story about your IRA distributions. But what if the story is not true? If a distribution was made from your IRA during 2024, your IRA custodian must send you a Form 1099-R ...

Taxes can get confusing — just looking at the names of some of the forms you have to fill out can be enough to get your head spinning. Like the 1099-C, for example. What is that, and why is it in your ...

Any time you make money, whether it's income from an investment or payment for doing a freelance gig, you're required to report it to the IRS and pay your share of taxes on what you earned. Generally, ...

With the arrival of tax season, it's crucial to have all your documents in order, and your Social Security Benefit Statement ...