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 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
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