How Form 1099-NEC Replaces Box 7 on Form 1099-MISC for Tax Year 2020-2021 With Box 7 eliminated from Form 1099-MISC, the new Form 1099-NEC is where businesses have to report nonemployee compensations. As… Read More December 8, 2020
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 September 16, 2020
1099 Form Filing Deadline For The Year 2019–20 Deadline is approaching quickly for Form 1099.! Wondering, when is the 1099 form filing deadline and how to eFile for the… Read More January 20, 2020
1099 Forms How Many 1099 Forms Are There? Do you know how many 1099 forms are there to report information returns and what types of payment can be reported using… Read More January 17, 2020
1099 Forms How to read Form 1099-MISC Boxes and Descriptions If you’ve ever made miscellaneous payments outside your company, such as rent, royalties, or even fishing-boat proceeds, you probably know… Read More January 3, 2020
Tax1099 for Tax Year 2019 Tax1099 for Tax Year 2019 – New year, new Tax1099. Is anyone else getting deja vu from that line? At… Read More December 24, 2019
How to Handle High Maintenance Clients How to Handle High Maintenance Clients – During tax season, accountants often encounter angry and upset clients. Here are a… Read More December 16, 2019
The Accountant’s Guide To Tax Season 2020 The Accountant’s Guide to Tax Season 2020 – Often during the busy tax season, accountants can end up bearing the… Read More December 14, 2019