1099 Tax Forms
Correcting 1099s Forms: A Step-by-Step Guide to Fixing IRS Submissions Uh oh! Filed Incorrect 1099s? Here’s How to correct 1099s FAST. If you are a business owner or a self-employed individual, you may have to file 1099 forms to report certain payments you made to others during the tax year. However, mistakes can happen, and […]
Form 1099-NEC: Your Comprehensive Guide to Reporting Non-Employee Compensation Introduction Understanding tax forms is crucial for both businesses and individuals. One such important form is the Form 1099-NEC, used for reporting non-employee compensation. This guide will help you understand what it is, who needs to file it, and how to do so correctly. What is […]
What’s a 1099-K and what is the income threshold? The 1099-K form reports income received through third-party digital payment methods like: If you received a 1099-K for your digital payments, you would need to report this income on your tax return. You do not have to report nonbusiness income like exchanges between friends or family, […]
Form 1099-MISC is used to report miscellaneous payments made to nonemployees, such as independent contractors. Read more to find out how this affects you, the small business owner. If you’re starting to work as an independent contractor or freelancer, you’ve likely heard people refer to Form 1099. A 1099 isn’t just one form, but actually […]
Although you don’t need to know much about tax forms with TurboTax on your side, it’s always best to organize your forms that when you sit down to do your taxes. Many people are familiar with W-2s, but they may not be aware that other financial documents… Full Story [WooZoneProducts asin=”1589797981″][/WooZoneProducts]