If you pay independent contractors $600 or more annually, you must report those payments to the IRS on Form 1099-NEC. The process is fairly simple if you only need to send one or two, but it gets more ...

The IRS will begin processing 2024 tax returns on Jan. 27. The last day you can file your 2024 taxes without requesting an extension is Tuesday, April 15, 2025. Gig workers who earned more than $5,000 ...

While there are multiple ways to collect money from clients and customers, one of the best options is PayPal. PayPal makes it possible to accept payments without setting up a merchant account. It’s an ...

CHICAGO (WLS) -- Tax season is here and so are scammers who are sending texts that look like they're from the IRS but are designed to get your personal information or even steal your tax refund. One ...

The IRS will begin processing 2024 tax returns sometime during late January 2025. The last day you can file your 2024 taxes without requesting an extension is Tuesday, April 15, 2025. Gig workers who ...

Filing taxes can feel overwhelming. But with the right guidance, it’s easier to understand deductions, credits and what you owe at the federal and state level. Whether you’re filing electronically or ...

Now that the end of January is here, tax season is, too. Here’s what you need to know about filing your 2023 taxes, including tax deadlines, refund windows and filing help. This year, tax season ...

If you file paper copies of Form 1099, you will also have to file Form 1096. Among the benefits of filing Form 1099 electronically is the absence of this requirement. — Getty Images/Tatsiana Volkava ...