1099 Forms

Property owners, management companies, and businesses often hire independent contractors to maintain their grounds — mowing lawns in the summer […]

Noncash Compensation Overview Noncash or “in-kind” compensation includes anything of value given for services instead of money — such as

Puerto Rico (PR), U.S. Virgin Islands (VI), Guam (GU), American Samoa (AS), Northern Mariana Islands (MP) Step 1 — Classify

Getting the form right comes down to what you paid for. Use this step-by-step decision tree, then check the quick-reference

Core rule: Most NIL payments to student-athletes are business income to the athlete (independent contractor/sole prop). Payers typically issue Form

Core rule: If you’re paying personally for work at your home (babysitting, mowing, raking), you’re not a business payer. That

Every year, the IRS processes billions of information returns, including Forms 1099, W-2, and 1095. These forms don’t just disappear

Crowdfunding platforms like Kickstarter, GoFundMe, and Indiegogo have opened new doors for entrepreneurs, nonprofits, and individuals. But along with the

Social media influencers, YouTubers, and content creators are transforming digital marketing. But with that growth comes tax responsibility. Payments from

When a lawsuit results in a settlement, the tax reporting obligations depend on the type of damages paid. In general,

Form 1099-CAP, “Changes in Corporate Control and Capital Structure,” is an IRS information return. It is used when shareholders receive

If you didn’t issue 1099s for last year, don’t panic — but don’t ignore it either. The IRS imposes penalties

Understanding the 1099 requirements for agricultural businesses is essential for farmers, ranchers, and agribusiness owners. Agricultural operations often rely on

Businesses often use contests, awards, and promotional giveaways to attract customers and reward employees or partners. While these incentives can

U.S. businesses sometimes pay independent contractors, vendors, or professionals in a currency other than U.S. dollars. If those payments are

Mergers and acquisitions (M&A) are complex transactions that involve not only strategic and financial decisions, but also compliance with IRS

When an estate distributes assets to beneficiaries, the executor or trustee may have to issue IRS information returns. Understanding when

Understanding the services that require a 1099 is essential for business owners, contractors, and anyone making reportable payments. The IRS

If someone receives a Form 1099-NEC (Nonemployee Compensation) that they believe is incorrect, the IRS expects them to take action