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 1099 For Non-profits: How And Why You Need To Issue Them Nonprofits must stay compliant and aware of their tax responsibilities when legally engaging with independent contractors. The IRS reads employees… 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