Form 1099-MISC Penalties for Missing the 1099-NEC or 1099-MISC Filing Deadline Businesses need to complete and submit Form 1099-NEC by January 31 (or the following business day if it’s a weekend 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 »
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 »
How To Complete 1099 For A Contractor | An Easy-To-Follow Detailed Guide An easy-to-follow detailed guide for anyone who needs to know how to complete 1099 forms for contractors. We’ll cover the Read More »
1099-NEC DIY Guide: The Easiest Step-By-Step Guide To eFile 1099-NEC Looking for a comprehensive DIY guide to file your 1099-NEC forms? Learn how to eFile your 1099-NEC returns online in Read More »
W-2 Vs 1099-NEC: What Should You File? In 2019, Uber got hit with $650 Million in penalties for misclassifying their drivers as independent contractors rather than employees. Read More »
Form 1099 K vs 1099 MISC vs 1099 NEC – What’s The Difference? Note: IRS delays the rollout of the $600 threshold for 1099-K reporting.The threshold for Form 1099-K remains at $20,000 with Read More »
How To Send Form 1099-NEC To IRS? Tried and tested ways to send your IRS forms to recipients and IRS efficiently before the deadlines. Form 1099-NEC is Read More »
Form 1099-NEC Best Practices For CPAs In 2022 Here are a few tips to consider prior to preparing your clients’ 1099-NEC forms for the 2021-2022 tax year. The Read More »