TurboTax Premium is a powerful tool for those who want to make the most of their tax returns. With features designed for ...

If you pay independent contractors $600 or more annually, you must report those payments to the IRS on Form 1099-NEC. The process is fairly simple if you only need to send one or two, but it gets ...

You can also look up more information about each form at IRS.gov. For example, if you’re self-employed, you generally report your income from 1099-NEC on Schedule C, Profit or Loss from Business.

Sovos, the always-on compliance company, today announced the launch of 1099 Professional, a new solution designed to simplify tax information reporting for small and medium sizes businesses (SMBs).

You'll receive tax form 1099-K if you earned more than $5,000 in untaxed income in 2024 and were ... Once this rule takes ...

This change in reporting requirements will require third-party payment apps to send the IRS a 1099-K for earnings over $5,000 ...

Freelancers and independent contractors have to fill out Form W-9 for their employers and clients. Here's what to do and how ...

Amy Fontinelle has more than 15 years of experience covering personal finance, corporate finance and investing. Lea Uradu, J.D. is a Maryland State Registered Tax Preparer, State Certified Notary ...

Plus, Thomson Reuters integrates AI CoCounsel with tax solutions; Sovos introduces 1099 Professional solution; and other ...