Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. IRS Forms 1099 for 2024 should arrive in January, reporting how ...

Those who hire independent contractors should file Form 1096 with their taxes when reporting non-employee compensation to the IRS by mail. Tax documentation can be a complex landscape for employers, ...

Closeup of Form 1099-NEC and 1099-MISC. 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. If you received ...

Millions of Americans are preparing for a $1,390 stimulus check from the IRS, which is expected to be distributed in mid-summer 2025. This financial relief is part of an initiative intended to assist ...

Every spring, taxpayers across the country rush to pull together the forms, receipts and financial records required to file their taxes before the April 15th deadline. No matter how prepared you think ...

Under the new law, reporting thresholds for Form 1099-K (for payment card and third-party network transactions), Form 1099-MISC (for payments not covered by other 1099 forms), and Form 1099-NEC (for ...