Forms What Organizations Need to Know About Form 1099-NEC for Non-Employee Compensation Tax season is upon us, and for many organizations, that means grappling with the intricacies of Form 1099-NEC for non-employee… Read More November 10, 2023
Forms A Comprehensive Guide to Deadlines for Sending 1099 Forms If you’re a business owner, you’re likely aware of the need to send 1099 forms, or you rely on your… Read More November 10, 2023
Form 1099-K 1099-K vs. 1099-NEC vs. 1099-MISC: What’s the Difference? What is Form 1099-MISC? Form 1099-MISC or the Miscellaneous Income form, is an IRS form issued by individuals or businesses… Read More October 17, 2023
Form 1099-MISC Penalties for Missing the 1099-NEC or 1099-MISC Filing Deadline Businesses must submit Form 1099-NEC by January 31, or the following business day if it falls on a weekend or… Read More October 16, 2023
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 October 15, 2023
Form 1099-MISC Form 1099-MISC Income vs Other Income Types Form 1099-MISC reports certain types of payments made by businesses that do not fall into other categories, such as rental,… Read More October 15, 2023
Understanding 1099s for Nonprofits: A Complete Guide Although a nonprofit is tax-exempt, this does not mean that all payments it makes are exempt from information reporting. If… Read More April 3, 2023
Understanding Form 1099-B: What You Need to Know About Proceeds From Broker Transactions If you sell stocks, bonds, commodities, or other investments through a broker, you must be familiar with Form 1099-B. This… Read More March 14, 2023
Small Business Owners: Here’s What You Need to Know About 1099s Being a small business owner comes with many responsibilities, one of which is understanding 1099s. Because 1099s are an important… Read More March 3, 2023
1099 vs. W-2 Workers: The 5 Key Areas of Difference The Internal Revenue Service (IRS) classifies workers into two categories. 1099 and W-2 employees have different rights, responsibilities, and tax… Read More February 16, 2023