IRS Form 1099-MISC is the tax form businesses use to report miscellaneous payments that are not subject to self-employment tax, including rent, prizes, awards, as well as medical and health care ...

IRS Form 1099-MISC is the tax form businesses use to report miscellaneous payments that are not subject to self-employment tax, including rent, prizes, awards, as well as medical and health care ...

Deep into IRS Form 1099 season, many people are watching their mailbox for those tell-tale tax forms. Each Form 1099 is important, matched to your Social Security number.

What 1099 Form Do You Get for Being an Independent Contractor?. If you perform services as an independent contractor, then you should receive Form 1099-MISC at the end of the year.

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.

Each Form 1099 is matched to your Social Security number, so the IRS can easily spew out a tax bill if you fail to report one.

The deadline for businesses to send 1099-MISC to recipients is January 31 following the tax year that the payments were made.

Forms 1099 can be wrong, so check them carefully. Each Form 1099 is matched to your Social Security number, so the IRS can easily spew out a tax bill if you fail to report one.

There are many categories, but the Form 1099-MISC (for miscellaneous) seems to prompt the most questions and covers the biggest territory.

If you pay non-employee compensation, the IRS 1099 instructions say, the 1099 form you use is now the 1099-NEC. You only use the 1099-MISC for items such as rent, medical payments, payments to ...

Closeup of Form 1099-NEC, Nonemployee Compensation. The IRS has reintroduced Form 1099-NEC as the ... More new way to report self-employment income instead of Form 1099-MISC as traditionally had ...