A 1099 is an “information filing form,” used to report non-salary income to the IRS for federal tax purposes. There are several variants of 1099s, but the most popular is the 1099-NEC.

Learn to file and issue IRS 1099-MISC form for rents, royalties, and healthcare payments, including instructions and thresholds.

The IRS recently reintroduced Form 1099-NEC, used to report non-employee compensation paid to independent contractors or freelancers. Here's how it works.

Highlights and key takeaways A form W-9 is used to collect a contractor’s tax information. A form 1099 is used to document any payments that a client has made to a contractor, if those …

The IRS uses the information in the Schedule C tax form to calculate how much taxable profit you made—and assess any taxes or refunds owing. You can find the fillable form here: IRS …

If you’re in a partnership, the IRS won’t accept your tax return unless you also attach Schedule K-1 of Form 1065. Here’s what it is, and how to file it.

A 1099 is an “information filing form,” used to report non-salary income to the IRS for federal tax purposes. There are 20 variants of 1099s, but the most popular is the 1099-NEC.

Use Form 8829 to itemize the various expenses involved in using and maintaining your home office. This includes rent or mortgage interest payments, utilities, homeowners insurance …

Form 1120-S is the tax form S corporations use to file their federal income tax return (not to be confused with Form 1120 for C corporations). Every S corp needs to file one, including LLCs …

Form 1099-NEC. If you make more than $600 in non-driving income, such as bonuses, referral fees, and other awards, you may receive a 1099-NEC for this income. Even if your income …