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
IRS Updates: IRS Lowered e-Filing Threshold From 250 To 10 – What Businesses Need to Know The IRS has recently implemented a significant change that affects businesses and their filing requirements. With the release of new… Read More June 20, 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
How TIN Matching Can Help Your Business Avoid B-Notices and Proposed Penalties The dreading thought of the Internal Revenue Service (IRS) sending B-notices and proposed penalties to businesses can be greatly minimized… Read More March 13, 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
Paying Independent Contractor – How To Do It In 5 Easy Steps The freelance workforce is an integral part of the modern economy. With the rise of the gig economy, more and… Read More February 10, 2023
Automate W-9 Information Collection for Smooth, Hassle-Free Payments – Validate TINs with Tax1099 One of the most essential elements of making payments to consultants and contractors is collecting accurate W-9 information. This process… Read More February 3, 2023
Everything You Need to Know About Taxpayer Identification Numbers and IRS TIN Matching It’s tax season, and for businesses, that means wading through a sea of paperwork filled with various codes and abbreviations.… Read More February 2, 2023