Category: Form 1099
- January 30, 2021
Businesses are mandated to file both their income tax returns and their information returns to avoid costly penalties later on. Businesses use…
- January 27, 2021
Business owners face a series of changes right from the start of the year 2020, including the procedure to file their tax…
- January 25, 2021
Form 1099-MISC is used to report miscellaneous income by businesses and is been approved by the IRS to make a certain type…
- January 22, 2021
Form 1099-NEC pertains to reporting information relevant to non-employee compensation. It is not a replacement for Form 1099-MISC as the latter is…
- January 20, 2021
Freelancers and small businesses who hired contracted workers use IRS Form 1099-MISC to file their returns. But, recently the IRS has introduced…
- January 18, 2021
Form NEC 1099 pertains solely for reporting the non-employee compensations and used for reporting independent contractor payments. This is a variation of…
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