An employee, as of 2010, paid an effective Social Security tax rate of 4.2 percent. An independent contractor paid 10.4 percent in the same period. This is known as the self-employment tax.

New tax rules introduce "Trump Accounts," raise 1099 thresholds, expand Opportunity Zones, and add new taxes on remittances ...

This guide details exactly what you need to file with the IRS when working with freelancers and other non-employee providers, explains why it’s important, and offers tips to help you avoid costly ...

A copy of the Form 1099-MISC must be filed by Jan. 31. If you file electronically, you must submit this form to the IRS by April 2.

Phased enforcement: The IRS continues its step-by-step rollout of Form 1099-DA compliance from 2025 through 2027. Taxpayer alignment: More consistent tax reporting for digital assets helps investors ...

A 1099 form for stock income is an IRS form used to report the money an investor earns from stocks, such as capital gains, dividends, and profits from selling shares.

The tax form 1099-C is used to record a cancellation of debt. While debt cancellation is good news for an individual or business, it still leads to more taxes. The IRS generally considers any ...