An independent contractor, or freelance worker, is responsible for paying certain taxes because they are self-employed and no taxes were withheld from their pay. This includes self-employment taxes — ...

Independent contractors have more tax leg work to do than salaried workers who receive pay from just one source. It is paramount you keep accurate records of your pay and expenses so you don’t run ...

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

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.

Employees have it relatively easy when it comes to paying taxes. Their employer withholds taxes from each paycheck and sends the money to the federal (and sometimes state) government. Employees pay ...

It is illegal to knowingly classify an employee as an independent contractor in order to avoid Affirmative Action recruitment efforts, and/or to avoid payments such as employment taxes and fringe ...