When you submit a 1099 form from the tax form view on the dashboard, the Form 1099 E-file provider submits the form to all states participating in the IRS and the Federal / State Combined Filing (CFSF) program. For states that are not part of the CFSF program or need to be submitted directly to […]
Learn about the Requirements E-file 1099 K in your State Read More »
If you are planning to sell your stocks and bonds for a capital gain this year, you might be wondering why you received a Form 1099-DIV instead of the Form 1099-INT form you received the previous year. Form 1099-DIV is the form you receive if you received dividends in your bank account and not interest
Why Did I Receive Form 1099 Div Instead Of Form 1099 Int This Year? Read More »
The IRS 1099 tax form Online can be a confusing concept for small business owners and freelancers. Many small business owners are afraid of not meeting the tax filing requirements. The 1099 tax form is also often overlooked in favor of the W2 tax form. This blog will illustrate the common misconceptions around the 1099
IRS 1099 Tax Form: Most Common Misconceptions Read More »
There are many different types of 1099 forms, and it can be confusing to determine which one you need to use. The 1099 misc form is used to report payments made to contractors for performing services during the course of business. If you make a payment for health insurance premiums, that would be considered a
Do you have to Send a 1099 Misc for Health Insurance Payments? Read More »
IRS has published a new update on Form 1099 Misc (2022). They have revised Box 13 to Box 17. If you are planning to hire anyone as an independent contractor or you are a freelancer, then you might need to keep a close eye on these changes. The updated 1099 MISC will be required for
New Update on Form 1099 Misc: IRS revised MISC boxes for 2022 Tax Year Read More »
Starting with the 2021 tax season, businesses started submitting Form 1099-NEC for independent contractors and to the IRS. The IRS started phasing in this requirement for businesses to submit 1099-MISC before 2020. But starting with 2020, businesses are required to submit the 1099-NEC to the IRS. This blog discusses the effect of the new tax
Are You Ready for the Switch to Form 1099-NEC? Read More »
The 1099 form is critical for both the IRS and taxpayers. This document is used to report various types of income, including payments for services rendered by independent contractors. The failure to file 1099 can lead to significant penalties for both the taxpayer and the payer, so it’s important to take care when filing. To
1099 Div Form Filing Mistakes and How to Correct Them Read More »
The General Instructions to File 1099-A form is very long and confusing. There are also many requirements that a business needs to meet before filing the 1099-A form. If you have any questions regarding this, then this blog provides general instructions to file the 1099-A form. It discusses the form’s purpose, its use, the information
General Instructions to File 1099-A Form, Acquisition or Abandonment Read More »
Why Didn’t I Receive a Form 1099-DIV Even Though I Was Paid Dividends? A lot of US residents received a 1099-DIV form in the mail recently. Form 1099-DIV, informs taxpayers about the number of their taxable dividends. If you received dividends but don’t receive a Form 1099-Dividends then it’s possible that you didn’t receive any taxable dividends.
Why Didn’t I Receive a Form 1099-DIV Even I Was Paid Dividends? Read More »
Avoid the Hassles of File 1099 R Online: Are you one of those who file 1099 Information Returns every year? Searching how to completely avoid the hassles in filing a 1099 R Form online & ended with wasting time. Here’s the complete guide to put an end to the never-ending searching process. Yes, with the below step-by-step
Completely Avoid the Hassles of File 1099 R Online Read More »
