IRS Updates Understanding the IRS Publication 6961: 2024 CY Update The IRS has released its latest update to Publication 6961 is revised annually to update detailed calendar year projections of… Read More September 29, 2024
1099-DA IRS Releases Draft of Form 1099-DA Instructions – Understand What’s New? Digital assets are becoming increasingly popular, transforming financial markets and outpacing taxing authorities’ ability to implement compliance measures. Undoubtedly, the… Read More September 20, 2024
1099 Forms How and When to Send a 1099 to Contractors: 2026 Rules Need to send a 1099 to a contractor? You may need to file Form 1099-NEC, depending on the type and… Read More September 17, 2024
1099-DA Form 1099-DA: Compliance Considerations for Brokers Digital assets are becoming increasingly popular, transforming financial markets and outpacing taxing authorities’ ability to implement compliance measures. Undoubtedly, the… Read More September 10, 2024
1099-DA IRS Releases Latest Version of 1099-DA Draft for Digital Asset Reporting On August 9, 2024, the Internal Revenue Service (IRS) introduced a new version of the proposed form 1099-DA draft. There… Read More August 14, 2024
1099 Forms 1099 Forms for Businesses: 2026 Reporting Requirements Form 1099 is significant for businesses to report the payments made to employees and non-employees. Various types of 1099 Forms… Read More August 6, 2024
Updates How to Determine Your Worker’s Classification? Worker classification is conventionally determined by two methods common law test and the ABC test. The common law test emphasizes… Read More July 31, 2024
1099-DA IRS Issues Final Regs to Clarify Reporting Requirements for Digital Assets On June 28, 2024, the Internal Revenue Service (IRS) released the highly anticipated final regulations covering the reporting of digital… Read More July 29, 2024
BOI Reports Top BOI Reporting Errors and How to Avoid Them? The US Corporate Transparency Act was primarily introduced to help tackle illicit activities by increasing the transparency of company ownership… Read More July 15, 2024
Form 941 Form 941 for Q2: How to E-file 941 for TY 2024 with Tax1099? Overview Employers in the United States are required to file IRS Form 941, also referred to as the Employer Quarterly… Read More July 8, 2024
BOI Reports FinCEN BOI Reporting Tools and Services to Simplify Compliance The Corporate Transparency Act (CTA) was enacted in 2021 with the intention of preventing illicit activities like money laundering, terror… Read More July 3, 2024
BOI Reports BOI Reporting: Compliance Challenges and Best Practices for Businesses Understanding BOI Reporting, its Compliance Challenges and Best Practices for Businesses is quite important in order to know about the… Read More July 2, 2024