Freelancer Glossary — Business Terms Explained

Plain-English definitions of every business and financial term a freelancer needs to know. Search the full text or jump by letter — click a term to expand.

A U.S. tax form series reporting income paid to non-employees. Clients may issue Form 1099-NEC when they pay you above IRS thresholds. It does not mean taxes were withheld — you often owe self-employment and income tax separately.