ROCK HILL, SC / ACCESSWIRE / December 15, 2020 / On November 18, 2020, the IRS updated Form 1099-MISC and released a new Form 1099-NEC for the 2020 tax year. These new requirements change the way ...

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-NEC is used strictly for reporting independent contractor payments of $600 or more in the course of your trade or business. You will still be required to use the 1099-MISC for such items as ...

Learn more about the 1099-MISC form, what types of income may be included, and how you can report additional income on your tax return.

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Cryptocurrency exchange Coinbase has decided to discontinue sending customers 1099-Ks, the U.S. tax form that led the U.S. Internal Revenue Service (IRS) to mistakenly think traders had underreported ...

For the upcoming tax season, employers that they must file Form W-2 and other wage statements by Feb. 1, 2021, to avoid penalties and help the IRS prevent fraud. For the upcoming tax season, employers ...

Many self-employed or freelance workers expect to receive 1099 forms, but few realize that if they were hired to do work and paid more than $600, then they need to send a 1099 form. It is a bit more ...