When you pay a person for services provided to your business and that person is not your employee, you may be required by the IRS to issue a Form 1099-MISC to the individual and to report the payment ...

You have to report PayPal income to the IRS. Learn how PayPal tracks your income and how to fill out a PayPal 1099.

Employers who pay independent contractors for work that is not paid through their payrolls do not take out deductions. The contractors file their own taxes and make the payments. As a result, ...

If you regularly work with independent contractors or vendors, you’ll probably need to send them Form 1099 at the beginning of the year. There are over 20 types of 1099 forms, but fortunately, most ...

It’s Form 1099 season, and companies big and small are churning them out. If you’re in business–even as a sole proprietor–you need to pay attention to issuing them or face penalties. The burden on ...

The Internal Revenue Service is offering advice to taxpayers and practitioners on how to respond to the new notices it is sending out when it finds problems with the new Form 1099-K information ...

Have you ever had to deal with unscrambling an incorrect IRS Form 1099 that sticks you with too much income? If so, you may already know that those IRS Forms 1099 you are receiving are the most ...

Question: I work as an independent agent in time-share sales. My Form 1099 income statement for 2004 reflects $6,000 more than I received. My employer tells me this is legal because the money is held ...

Tax season has started, and already, you should have gotten a lot of the forms you need to prepare your return. In particular, if you owned shares of stocks or mutual funds that paid dividends during ...

If it’s been a rough couple of years for you, you’re not alone. Maybe your income was cut, you lost your job, or you had large expenses like medical bills. You may have fallen behind on bills, fielded ...