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, ...

The Internal Revenue Service has revived Form 1099-NEC to eliminate confusion about complying with new filing deadlines aimed at combatting fraud. The Internal Revenue Service (IRS) released its final ...

ROCK HILL, SC / ACCESSWIRE / February 12, 2024 / January may have come and gone, but there are still a few more IRS Form 1099 deadlines that businesses and tax professionals must be aware of. By ...

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 3 years old. Closeup of Form 1099-NEC, ...

Certain payments you make to workers or other companies that provide services to your retail business must be reported on Internal Revenue Service Form 1099. Most payments related to the retail ...

When you pay a person for services provided to your business and that person is not your employee, you may be required by the IRS to issue a Form 1099-MISC to the individual and to report the payment ...

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 ...