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.

Under the One Big Beautiful Bill Act Signed in July 2025, the Long-Standing $600 Reporting Threshold for Form 1099-NEC ...

There are penalties for missing the deadline for the new 1099-NEC form and updated 1099-MISC for both tax filers and businesses.

The Internal Revenue Service has resurrected a form that hasn’t been used since the early 1980s, Form 1099-NEC, Nonemployee Compensation, with a draft version available for preview on its website.

Disclaimer: Always consult a tax professional to ensure you understand your business tax obligations. This article compiles information directly from the IRS and is intended as a resource and not tax ...

You might receive this document if you have freelance work, investment income, retirement distributions or other financial ...

If you hire independent contractors to keep your books, repair your computers, or handle company legal affairs, you probably need to send them a Form 1099-MISC or 1099-NEC each year. These forms ...

A higher federal reporting threshold means fewer 4-H and FFA exhibitors may receive a Form 1099 in 2026. The post Pay attention to 1099 IRS rule changes for 4-H, FFA exhibitors appeared first on ...

For the 2020 tax year, the Internal Revenue Service (IRS) moved reporting of certain nonemployee compensation, including current and deferred compensation paid to independent contractors and corporate ...