Whether you're a business owner who relies on independent contractors or you make your living as a freelancer, understanding the difference between Form 1099-MISC and 1099-NEC is critical to ensuring ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Most IRS Forms 1099 arrived around the end of January 2026 for ...

Whether you're a business owner who relies on independent contractors or you make your living as a freelancer, understanding the difference between Form 1099-MISC and 1099-NEC is critical to ensuring ...

Heightened IRS scrutiny on Form 1099 compliance presents opportunities to enhance reporting processes and minimize penalties. Organizations should reassess their procedures, address potential gaps, ...

Significant market opportunities arise from educating U.S. businesses on Form 1099 reporting requirements. Many businesses are unaware of these obligations, leading to IRS penalties. Offering training ...

Generally, 1099 forms are issued to anyone who provides your business with professional services, including independent contractors and commission-earning non-employees. — Getty Images/Kemal Yildirim ...

Businesses benefited from the one-month delay in filing because it allowed extra time to correct errors. With less time to file, they’ll need to go over figures with much more scrutiny. Errors can ...

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.

Form 1099-MISC serves a record of income made outside of standard employment. A business generates the form and must send it to the recipient and the Internal Revenue Service by a specific date every ...