Penalties for Missing the 1099-NEC or 1099-MISC Filing Deadline
Businesses need to complete and submit Form 1099-NEC by January 31 (or the following business day if it’s a weekend or holiday) to report payments …
Category: Form 1099-MISC
What Are Your 1099-MISC State Filing Requirements?
If your business made at least one of these payments to a 1099 vendor within the financial year, you must record the amount on Form …
1099-MISC Income vs Other Income Types
Form 1099-MISC reports payments made by businesses to report certain types of compensation, such as rents, prizes, awards, and healthcare payments. There are also specific …
1099-MISC vs 1099-K: Know The Difference
Note: IRS delays the rollout of the $600 threshold for 1099-K reporting.The threshold for Form 1099-K remains at $20,000 with a 200 transaction limit for …
The Simplest Do-It-Yourself Tax Guide For 1099-MISC Filers For The 2022-23 Tax Year
Learn everything there is to know about Form 1099-MISC with this useful and insightful tax guide from Tax1099. Let’s find out what’s new with the …
Changes To Form 1099-MISC: All You Need To Know
The IRS has announced that it plans to make some changes to Form 1099-MISC. After two years, the IRS has come up with yet another …
Update: IRS Form 1099-MISC Undergoes Changes For 2022-23 Tax Year
After nearly two years, Form 1099-MISC gets yet another update from the IRS. Tax1099 details what to look out for and how to be prepared …
Form 1099 K vs 1099 MISC vs 1099 NEC – What’s The Difference?
Note: IRS delays the rollout of the $600 threshold for 1099-K reporting.The threshold for Form 1099-K remains at $20,000 with a 200 transaction limit for …
Form 1099-NEC & Form 1099-MISC: Deadlines & Penalties For 2021-2022 Tax Year
The IRS deadlines for forms 1099-NEC and 1099-MISC are fast approaching. Check the due dates, penalties, and important information with this quick and simple guide. …
Difference Between Form 1099-MISC and Form 1099-NEC
Here’s a simple guide to understanding the difference between Form 1099-MISC and 1099-NEC. If you’ve been following the tax updates from the IRS, you must …