Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Tax Form 1099-misc on a white background. Self-employment tax can ...

Whether you're a business owner who relies on independent contractors or you make your living as a freelancer, understanding the difference between Form 1099-MISC and 1099-NEC is critical to ensuring ...

The IRS instructed lenders that have erroneously filed or furnished Forms 1099-MISC, Miscellaneous Income, reporting certain payments on U.S. Small Business Administration (SBA) subsidized loans as ...

Paying taxes is never fun when you're self-employed, but the Internal Revenue Service (IRS) does do their best to make the process as streamlined as possible. With that being said, many freelancers ...

A 1099 is a tax document reporting nonemployment income to the IRS. There are several types of 1099 forms, depending on the income you receive — but all are designed to report payments you received to ...

Form 1099-MISC serves a record of income made outside of standard employment. A business generates the form and must send it to the recipient and the Internal Revenue Service by a specific date every ...

Detroit bass player Grover "GT" Tigue knows all too well about the wildly varying rhythms of the gig economy. Tigue has been a musician 24/7 for the past 21 years — working on solo projects and ...

Kentuckians who received unemployment benefits in 2020, including more than 600,000 people who filed claims since the start of the COVID-19 pandemic, will need to report their benefits this tax season ...