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 ...

Employers who pay independent contractors for work that is not paid through their payrolls do not take out deductions. The contractors file their own taxes and make the payments. As a result, ...

You have to report PayPal income to the IRS. Learn how PayPal tracks your income and how to fill out a PayPal 1099.

If you need help with your small business, an independent contractor gives you freedom to use the help without providing employee benefits. You may act as a contractor, hiring independent contractors ...

As is the case every year, we’re hearing from lots of folks confused about when to send a 1099 form or other “information returns” to someone. It is true that over time, these forms have continued to ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Thus, if you call and write the issuer of the incorrect Form 1099 ...

Brokerage firms’ practice of issuing late and amended Forms 1099 is an increasing problem and a frustration for taxpayers and practitioners that often requires the filing of an amended return. This ...

Forbes contributors publish independent expert analyses and insights. Peter J Reilly is a Forbes contributor who covers taxes. Failing to send a 1099 can have some really nasty implications, so a lot ...