You’ll issue Form 1099-NEC if you paid any non-employee $600 or more to perform services for your business. S corporations and C corporations are usually exempt from receiving Form 1099.

Unlike a full-time employee whose taxes are deducted from their paycheck, if you're an independent contractor, it's your job to pay taxes on your own—and you'll want as many 1099 tax deductions ...

The 1099-G forms, which detail government payments to individuals for tax purposes, are being corrected and reissued this week. The errors arose during the first issuance of these forms using the ...

Form 1099-K must be sent to taxpayers by Jan. 31 of the following year. That is, you should have received your 1099-K for 2024 by the end of January 2025. (See the 2025 tax deadlines.) ...

It's tax season, and if you've received an unfamiliar income form this year, it might be a 1099 tax form. A 1099 form is used to document income received outside of a permanent salaried job.

If you’re a freelancer or have your own business and get paid through a third-party app, you may find a new tax form in your mailbox. Previously, only self-employed workers who netted at least ...

Form 1099-SB is filed after 1099-LS (sale or transfer of a life insurance policy) has occurred. While the latter documents the purchase, 1099-SB documents the cost basis for the life insurance.

Guide to 2024 taxes: W-2 arrival dates, 1099-K form confusion, free filing options Susan Tompor Detroit Free Press 0:00 ...