Earned income is generally recorded in two ways for federal tax purposes. There is W-2 income and 1099-MISC income. The former is for employees, either full- or part-time; the latter is for contract ...

If part of running your business involves receiving or making payments of more than $600 for the use or occupation of property that you own, then you are going to need to report that 1099 rental ...

What is a Form 1099-MISC? A 1099-MISC is a type of tax form. It is used to report miscellaneous income for individuals and companies who have been paid $600 or more in non-employee service payments ...

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 1099 is a very common form in the small business world. Many owners issue them, many freelancers use them to file. With tax season beginning, now is a great chance to get up to speed with this ...

Paperwork is the necessary evil for any business. Yet there are some things you just have to do. Of course, this is certainly the case with the IRS. And one of their requirements --which many ...

Oli joined the Latest News team in 2021, taking an interest in economics, world news, and articles that build from his study of history. He also dabbles in sports writing, joining the coverage of the ...

Taxes. Tax Refunds and SSDI: Will you get tax refunds if you're on SSDI? Taxes. Business Tax Deadline 2024: When are business taxes due in 2024? For starters, there is a threshold that was changed by ...