If you're a contractor, freelancer or another type of self-employed individual, you'll likely need to file IRS Form 1099-MISC. This form is used to report non-employee compensation, and it is part ...

Complete Form 1099-MISC or Form 1099-NEC. As tax time approaches, be sure to fill out the relevant forms as needed. Remember to file before the deadline. Submit tax documents.

Deep into IRS Form 1099 season, many people are watching their mailbox for those tell-tale tax forms. ... The most common is Form 1099-MISC, which can cover just about any kind of income.

IRS keys every Form 1099 to your Social Security Number, so failing to report is a guaranteed audit. ... These forms are sent by payors to you and the IRS. The most common is Form 1099-MISC, ...

Complete Form 1099-MISC or Form 1099-NEC. As tax time approaches, be sure to fill out the relevant forms as needed. Remember to file before the deadline. Submit tax documents.

Closeup of Form 1099-NEC, Nonemployee Compensation. The IRS has reintroduced Form 1099-NEC as the ... More new way to report self-employment income instead of Form 1099-MISC as traditionally had ...

Most tax audits are about information matching, making IRS Form 1099 the most important tax form of all. Failing to report one is asking for an audit. Newsletters Games Share a News Tip ...

Last year, boxer Floyd Mayweather Jr. sent an IRS Form 1099 to a strip club to report that he dropped $20,000. ... However, there is an important change in 2017 (covering 2016 Forms 1099-MISC).

While Form 1099-MISC is used to report … Continue reading → The post Form 1099-MISC vs. 1099-NEC appeared first on SmartAsset Blog. Form 1099-MISC vs. 1099-NEC: Which Do I Need For Taxes?

Form 1099-MISC vs. 1099-NEC. Businesses use IRS Form 1099-NEC to report $600 or more in non-employee compensation (NEC). Generally, these contractor payments go to a person who is subject to self ...