Tax professionals say freelancers and independent contractors often underestimate how long unreported income can remain on the IRS's radar.
Businesses face heightened fines in 2025 as the IRS steps up enforcement on worker classification errors IRVINE, CA / ACCESS Newswire / September 29, 2025 / The IRS is increasing penalties for ...
Form 1099 is used to report non-employee compensation paid to independent contractors, freelancers, and service providers. Federal regulations require businesses to issue Form 1099-NEC to qualifying ...