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16 Business Finance and Tax Terms You Should Know

Running a business or a side hustle isn’t for the faint of heart. Whether you’re just starting out or you’ve…

Meghen Ponder

Everything Nonresidents Need to Know About Filing U.S. Taxes

If you're living in the United States as a nonresident alien, it’s normal to have questions about filing your U.S.…

Meghen Ponder

Smart Small Business Purchases to Make Before the End of the Year

Updated for tax year 2025. Small business owners, it’s time to expand your holiday shopping list. You’re not restricted to…

Meghen Ponder

Form 1099-MISC: What It Is and How to Use It

So, you just received Form 1099-MISC for the tax year, and you’re wondering what on earth miscellaneous income is. We…

Meghen Ponder

Form 1099-NEC vs. Form 1099-K: What’s the Difference?

Updated for tax year 2025. At the beginning of every tax season, you receive informational tax forms in the mail…

TaxAct

Understanding the 1099-NEC Form: A Complete Guide

If you’re new to being a self-employed taxpayer or you’ve hired an independent contractor for the first time recently, one…

Meghen Ponder

How to Report Income to the IRS as an Etsy Seller

Selling on Etsy® may be a fast and easy way to get into business for yourself. But make no mistake…

Meghen Ponder

Your Guide to Form 1099: What You Need to Know

Whether you’re a small business owner or an individual tax filer, you may have heard a lot about 1099 forms.…

Meghen Ponder

Small Business Owner vs. Self-Employed: What’s the Difference?

There are many similarities between being self-employed and being a small business owner. Both allow you to be your own…

Meghen Ponder

What to Do If You Didn’t Receive Form W-2

Gathering all your tax forms is crucial to filing an accurate income tax return. But what happens when the tax…

TaxAct