How Form 1099-NEC Replaces Box 7 on Form 1099-MISC for Tax Year 2020-2021 With Box 7 eliminated from Form 1099-MISC, the new Form 1099-NEC is where businesses have to report nonemployee compensations. As Read More »
A Complete Guide to the New IRS Form 1099-NEC (Nonemployee Compensation) The IRS has carved out the Nonemployee Compensation segment from the 1099-MISC form and introduced 1099-NEC as a separate form Read More »
Take Advantage of Tax1099’s Real-Time TIN Matching Feature Easily verify your vendor information, avoid penalties, and file securely with Tax1099’s unique TIN matching feature. As tax year rolls Read More »
Changes to Form 1099-MISC For 2020-2021 Some hefty changes have been made to the 1099 forms by the IRS for 2020-2021. 2020 is coming to an Read More »
Difference Between An Employee And An Independent Contractor When it comes down to a company appointing someone to perform a particular task, the best two options are usually Read More »
What Is Form W-2G? Form W-2G is used for certain gambling winnings and serves as a way to report financial winnings and federal income Read More »
What Is Form 1099-NEC? This Form 1099-NEC is used to report non-employee compensation; it is a new form as of the tax year 2020. Read More »
What Is Form 1097-BTC? Issuers of certain tax credit bonds (or their agents) and recipients of Form 1097-BTC from the bond issuer or agent, Read More »
What Is Form 1099-OID? The IRS Form 1099-OID, or original issue discount, needs to be filed for multiple different reasons. The form keeps track Read More »
What Is Form 1099-S? What is Form 1099-S? It is used to report the sale or exchange of real estate transactions to the IRS. Read More »