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 »
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 »
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 »
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 »
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 »
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 »
W-9 vs. 1099: Understanding the Differences Between IRS Contractor Tax Forms And When To Use Each When it comes to understanding and filing taxes, a few things can be more confusing than deciphering the differences between Read More »
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 »
Form 1099-NEC: What Businesses Need to Know for 2023? Getting a handle on Form 1099-NEC for 2023 can seem daunting. But, with the right preparation and understanding, you can Read More »
1099 Tax Compliance Considerations for Small Businesses and Gig Workers: How to Get It Right As a freelancer or small business owner, the world of 1099 tax compliance can be intimidating. With ever-changing IRS regulations Read More »