Form 1099-MISC Reporting in 1099-MISC Box 3: Legal Settlements, Prizes & One-Off Payments Let’s break down 1099-MISC Box 3, which, frankly, is the IRS’s catch-all for those payments that don’t fit anywhere else. Read More »
Form 1099-MISC Prepaid Rent Mismatch: Avoiding IRS Red Flags on 1099-MISC Box 1 A guide for payers on how to correctly report prepaid rent and stay compliant with IRS rules. Introduction The IRS Read More »
Form 1099-MISC What Types of Rent Belong in 1099-MISC Box 1? Confused about what types of rent to file in 1099-MISC forms? Here’s an overview of types of rent that belong Read More »
1099 Forms Understanding the Difference between 1099-K and 1099-MISC Not all income is created equal—especially when it comes to tax reporting. Whether you’re getting paid through a payment app Read More »
Form 1099-MISC Form 1099-MISC Instructions for the 2024 Tax Year With a wide range of tax forms to manage, it’s essential to understand their purpose and significance. One of the Read More »
1099 Forms How to File a Late 1099-MISC? You may miss a deadline or submit an inaccurate return while balancing multiple deadlines and different forms to file. When Read More »
Form 1099-MISC Penalties for Filing a Late 1099-MISC While balancing multiple deadlines and different forms to file, you may miss a deadline or submit an inaccurate return. When Read More »
Form 1099-MISC Everything you need to know about IRS form 1099-MISC for 2023 Tax Year Form 1099-MISC, Miscellaneous Information, reports payments other than non-employee compensation made by a trade or business to whom they have Read More »
Form 1099-MISC 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 Read More »
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 Read More »