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 ...

At tax time, employees will get a form that shows how much they earned the previous year from each company they worked for. But some will get a W-2 form, and some will get a 1099-NEC form. So what’s ...

When you work for another person or a company, you typically sign a contract or agreement laying out the terms of your relationship and how you'll get paid. There are two main ways to describe a ...

If you recently launched a side gig or are working as a freelancer, filing self-employment taxes can feel like a daunting task. On top of running your business, finding clients and completing projects ...

While many employers use the term "1099 employee" as a means to distinguish independent contractors from the company's W-2 employees, no such term exists from a legal standpoint. In fact, in addition ...

When you work for someone else, your employer reports your income for you. But when you work for yourself, it's your responsibility to report your own income. However, that process can be a challenge ...

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 ...

A 1099 form is a document that businesses use to report various types of government payments to both the IRS and payees. This includes payments for services, dividends, interest, rents, royalties, and ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. This article is more than 3 years old. Closeup of Form 1099-NEC, ...