Difference Between Form 1099-MISC and Form 1099-NEC Here’s a simple guide to understanding the difference between Form 1099-MISC and 1099-NEC. If you’ve been following the tax updates Read More »
What’s The Difference Between 1099 and W-2 Tax Forms? Understand the difference between a W-2 form and a 1099 form + tips to file both forms easily to comply Read More »
What Is Form 1099-NEC? This Form 1099-NEC is used to report non-employee compensation; it is a new form as of the tax year 2020. Read More »
What Is Form 1099-OID? The IRS Form 1099-OID, or original issue discount, needs to be filed for multiple different reasons. The form keeps track Read More »
What Is Form 1099-S? What is Form 1099-S? It is used to report the sale or exchange of real estate transactions to the IRS. Know Read More »
What Is Form 1099-R? The Payment Settlement Entities (PSE) file a form 1099-R for payments made in settlement for a reportable payment transaction. These Read More »
What Is Form 1099-PATR? Form 1099-PATR – This form is used to report taxable distributions received from cooperatives. Cooperatives use this form to report Read More »
What Is Form 1099-K? Form 1099-K – This form is used to report merchant cards and third-party network payments. Payment Settlement Entities (PSE) use Read More »
What Is Form 1099-INT? Form 1099-INT is used to report interest income. Payers of interest income use this form to report the amount paid Read More »
What Is Form 1099-G? Form 1099-G – This form is used to report certain government payments. Federal, state, and local governments use this form Read More »