A 1099 form is used for any type of work performed by someone who is not a direct employee of the company. A W-2 form is used for full- and part-time employees that are employed directly by the ...

Form 1099 is an IRS tax form used to report miscellaneous income. ... IRS test to determine 1099 worker vs. W-2 employee. 1099 workers and W-2 employees are treated differently by the tax code and ...

The most common is Form 1099-MISC, which can cover just about any kind of income. Consulting income, or non-employee compensation is a big category for 1099-MISC.

Form 1099-NEC, which is a new form for reporting $600 or more of non-employee compensation Form 1099-NEC replaces Form 1099-MISC for this purpose. See: This Is Which 1099 Form You Should File.

When should an employee file a 1099 form? By CARRIE [email protected] April 9, 2010. Share. A version of this column appeared in Newsday, Oct. 14, 2009.

Floyd 'Money' Mayweather issued a $20,000 IRS Form 1099 to a strip club, ... there is an important change. For those forms reporting non-employee compensation in box 7 of 1099-MISC, January 31, ...

However, there were problems with the IRS’s processing systems because there was still a March 31 due date for any Form 1099-MISC that didn’t contain non-employee compensation. The draft form is dated ...

How you’re classified as an employee will affect how you file your taxes. Employees receive a W-2. Independent contractors receive a 1099 form.