Have you received a 1099 tax form that you don’t understand? Our guide describes the basics of the nearly two dozen different ...

You should see this tax form if you were paid more than $5,000 in freelance income via third-party payment apps last year.

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.

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 ...

If you're a freelancer, side hustler or business owner who gets paid via PayPal or Venmo for your services, expect big ...

Taxpayer was liable for self-employment tax on income reported as “other income” and an accuracy-related penalty, the U.S. Tax Court held, affirming the IRS’s determinations. Taxpayer, an individual, ...

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

Those expecting to see Lester Holt when tuning in to NBC Nightly News on February 3, 2025, got a major shock. The anchor was ...

The IRS’s new 1099-K rules are adding stress for a group of workers who already tend to have somewhat complicated tax situations.

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 ...