Form 1099 is used to report non-employee compensation paid to independent contractors, freelancers, and service providers. Federal regulations require businesses to issue Form 1099-NEC to qualifying ...
Independent contractors have more tax leg work to do than salaried workers who receive pay from just one source. It is paramount you keep accurate records of your pay and expenses so you don’t run ...
Tax professionals say freelancers and independent contractors often underestimate how long unreported income can remain on ...
Before your business hires workers, you have a big decision to make: Will they be classified as employees or independent contractors? Here are some factors to consider from a business perspective and ...
In this story, one woman is in this exact situation, and she is pretty upset. She is determined to get her mom to consider ...
Businesses face heightened fines in 2025 as the IRS steps up enforcement on worker classification errors IRVINE, CA / ACCESS Newswire / September 29, 2025 / The IRS is increasing penalties for ...