How you’re classified as an employee will affect how you file your taxes. So, does that mean you’re a W-2 or a 1099 employee? If you’re an employee, you’ll receive a W-2. And if you’re an independent ...

Form 1099-MISC is for miscellaneous income. But Form 1099-NEC is for payments to independent contractors and adds ...

Don't let tax season catch you off guard. We break down the key differences on a W-2 and 1099 forms that directly impact your tax refund.

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 ...

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 ...

This tax year millions of independent workers will receive Form 1099-NEC in the mail or electronically — prompting questions of what it is and how to use it for taxes.

You can shift to self-employment tax and quarterly estimated payments with these smart tech solutions and strategies.

For example, Form 1099-NEC, used to report payments to independent contractors, must be furnished by February 2, 2026. As with Forms W-2, there is no automatic 30-day extension available for ...

Too often I hear the term, “Well, she’s a 1099 employee.” Karen Michael is an attorney and the president of Richmond-based Karen Michael PLC. Email her at [email protected].

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. The Good Brigade / Getty Images ...