There are two main types of workers when it comes to income taxes — 1099 contractors and W-2 employees. While W-2 employees ...

What is the 1099 Form And Do You Need to Send One Out? A full-time employee who doesn't do any work on the side wouldn’t likely see a 1099 form. Instead, they receive a W-2 form, which is typically ...

Why It’s Crucial to Classify Your Employees Correctly (1099 Contractors vs. W-2 Employees) Your email has been sent Understand the key differences between 1099 contractors and W-2 employees to ...

A W2 is a tax form issued to employees who earned more than $600 for the year by their employers after the conclusion of every calendar year. It reports the employee’s wages, commissions, tips and ...

Making a certain amount of cash from pursuing a passion or by having your own side gig means you owe taxes, according to the Internal Revenue Service, but you won’t receive a W-2 form as you would ...

While many employers use the term "1099 employee" as a means to distinguish independent contractors from the company's W-2 employees, no such term exists from a legal standpoint. In fact, in addition ...

Unbelievably, year-end is right around the corner. The first line of business in January 2023 will be to file and issue any necessary Form 1099s. Although I am fairly new to the profession and my role ...

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 ...

Taxes are complicated. Whether preparing your tax return or filing your tax return, chances are you’re not completely confident in the numbers you’re seeing. But like most Americans, you’ll also be ...

The Internal Revenue Service has revived Form 1099-NEC to eliminate confusion about complying with new filing deadlines aimed at combatting fraud. The Internal Revenue Service (IRS) released its final ...