How Do I Prepare to E-file Form 1099 DIV? Did you pay $600 as dividends to the shareholders in the prior year? then you need to file Form 1099 DIV. As per the IRS norms, 1099 DIV is sent by banks, financial institutions to the investors who receive dividends in a tax year. Getting confused? […]
How Do I Prepare to E-file Form 1099 DIV? Read More »
Complete information about IRS 1099 MISC: Are you a business owner? Did you hire individuals to perform work? Does the contractor perform work for your business? Then you are responsible to issue a 1099 information return to the contractor and the IRS. Getting confused? Don’t worry! We will let you know when should a startup
When Should A Startup Send IRS 1099 MISC Forms to The Contractors? Read More »
Did you pay an individual $600 in the prior year? Does the individual an employee? If “No”, then you need to issue a 1099 information return. As per the IRS, to report contractor income you must file Form 1099 MISC or 1099 NEC. So, when the contractor performs services related to your business then issue
Who Really Needs IRS Form 1099 NEC? Read More »
Did you invest in banks or any other financial institutions? Have you earned interest of $10 or more throughout the tax year? Get ready! You’ll receive an IRS Form 1099 INT. According to the IRS norms, banks, or financial institutions who pay interests to an individual exceeding $10 in a year issue the tax form.
Why I Am Receiving a 1099 INT Form? Read More »
Did you pay contractors using payment cards or third-party networks? Then you need to file Form 1099 K and report the transaction made. Before filing make sure to check whether you need to issue a 1099 or not. Getting confused? Don’t worry! We will provide you with five important things to remember when filing IRS
Form 1099 K Online Filing – Top 5 Things to Remember Read More »
Have you reported the payments made to contractors on IRS 1099 Tax Form? Do you know why to report the payments? 1099 Forms also known as information return forms. They provide information about the payment made to individuals not treated as employees throughout the tax year. Getting tensed? Don’t worry! We will let you know
Why IRS 1099 Tax Forms Are Important? Read More »
How Do You Know If You Need to Fill Out a 1099 Form? Did you hire a contractor to perform services for your business? Have you prepared a 1099 information return? The IRS instructs every business individual to report the payment made to non-employees apart from regular wages on the 1099 Form. Confusing? Don’t worry!
How Do You Know If You Need to Fill Out a 1099 Form? Read More »
Are you choosing to invest in mutual funds? Then you’ll receive income in the form of dividends throughout the tax year. Along with the income, you’ll receive Form 1099 DIV at the year-end by the mutual fund organization. Getting confused? Don’t worry! We will let you know about IRS Form 1099 DIV. As many investors
5 W s of IRS Form 1099 DIV Read More »
New Form 1099 NEC: Did you pay an attorney for performing legal services in the tax year 2020? Do the payments exceed $600? Then you need to report the payments on a 1099 information return. As the payments made to attorneys for legal services considered as non-employee compensation. Doesn’t know which 1099 Form to use?
5 Things to Know About New 1099 NEC Form Read More »
Have you hired an individual to perform services on business? Did you collect the W-9 Form from them? If your answer “No”, then you need to request a W-9 Form from the contractor before making the first payment in the tax year. Read the full article for the 1099 Tax Form. Getting confused? Why collect
How to Issue a 1099 Tax Form to an LLC? Read More »
