Properly classifying a worker as an independent (outside) contractor may save your business money by avoiding payroll taxes, overtime pay, and employee benefits, such as pension plan ...

Prior to 2020, Form 1099-MISC was used to report independent contractor payments, but this IRS form is no longer used for these purposes. Schedule C (Form 1099): You’ll use Schedule C to report ...

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 ...

Are you looking for more flexible work at home jobs? Working as an independent contractor allows you to set your own sch ...

Everything you need to know about a W-2 form, including when you’ll get yours and how to start preparing your tax return.

and independent contractors. This document informs the IRS not only about income but also that you did not have income tax, social security, or Medicare tax withheld from payments. Form 1099-OID ...

Tax filing season is officially underway and taxpayers should be on the lookout for W-2 and 1099 forms, among other ...

First-time filers sometimes fall into the trap of believing that only full-time, permanent employees have to file and pay taxes. That's not true. You may be required to file as a part-time or seasonal ...

you’ll probably be issued a Form 1099-NEC. A few common professions generally receive 1099-NECs: Independent contractors, like accountants, lawyers, or veterinarians Self-employed individuals ...

Self-employment tax requires you to pay 15.3% of your total earnings. This tax is levied to pay into Social Security and ...