If the income reported on Form 1099-NEC is not self-employment income, but instead from a sporadic activity or hobby, report it on line 8, “Other Income,” on Schedule 1 (1040). What Is a 1099 ...

Form 1099-NEC documents nonemployee compensation. You'll receive this form if you were self-employed (gig worker, freelancer) or did independent contractor work amounting to over $600 last year.

Last year, the Internal Revenue Service announced a phased rollout of reporting requirements for businesses who receive at ...

G tax forms are now available for claimants who received unemployment insurance (UI) benefits in 2024, the Illinois Department of Employment Security (IDES) announced today. Claimants who collected UI ...

The IRS has reintroduced Form 1099-NEC as the new way to ... [+] report self-employment income instead of Form 1099-MISC as traditionally had been used. IRS Forms 1099 are critical to the agency ...

Schedule SE (Form 1099): You’ll use this form to file and report your Social Security and Medicare taxes, also known as self-employment taxes or SE taxes. Form 1099-K. You may receive Form 1099 ...

Payment platforms, apps and online marketplaces must issue a Form 1099-K to anyone who received ... taxpayers filing as self-employed or small business owners also have more opportunities to ...