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  2. Form 1099-NEC replaces 1099-MISC as the form used to report independent contractor income. If you paid an independent contract $600 or more, you’ll need to file one.

  3. Do you know a W-9 from a 1099? Here are the forms you'll need ...

    www.aol.com/know-w-9-1099-forms-100317074.html

    A 1099 form is used to report income that isn't directly earned through an employer. Because there are many different ways to make money outside of a traditional job, there are several types of ...

  4. Tax information reporting - Wikipedia

    en.wikipedia.org/wiki/Tax_information_reporting

    The tax information return most familiar to the greatest number of people is the Form W-2, which reports wages and other forms of compensation paid to employees.There are also many forms used to report non-wage income, and to report transactions that may entitle a taxpayer to take a credit on an individual tax return.

  5. Form 1099 - Wikipedia

    en.wikipedia.org/wiki/Form_1099

    For a variety of reasons some Form 1099 reports may include amounts that are not actually taxable to the payee. A typical example is Form 1099-S for reporting proceeds (not gain) from real estate transactions. The Form 1099-S preparer will report the sales proceeds without regard to the amount of the taxpayer's "basis" in the real estate sold.

  6. Form W-2 - Wikipedia

    en.wikipedia.org/wiki/Form_W-2

    Form W-2, 2016. Form W-2 (officially, the "Wage and Tax Statement") is an Internal Revenue Service (IRS) tax form used in the United States to report wages paid to employees and the taxes withheld from them. [1] Employers must complete a Form W-2 for each employee to whom they pay a salary, wage, or other compensation as part of the employment ...

  7. How W-2 Employees Are Taxed Differently Than 1099 ... - AOL

    www.aol.com/finance/w-2-employees-taxed...

    The main difference between W-2 employees and 1099 contractors is whether your business withholds taxes from that worker's paycheck. When you hire a W-2 employee, you're required to withhold ...

  8. Form W-9 - Wikipedia

    en.wikipedia.org/wiki/Form_W-9

    Form W-9 is most commonly used in a business–contractor arrangement. [4] Businesses can use Form W-9 to request information from contractors they hire. When a business pays a contractor over $600 during a tax year, the business is required to file Form 1099-MISC, a variant of Form 1099. To fill out Form 1099-MISC, the business may need to ...

  9. A 1099 tax form is a statement that details an amount of money that you were paid. Learn about this important tax document and the different 1099 versions.