Staying compliant with Form 1099 filing deadlines is critical for businesses, independent contractors, and taxpayers handling reportable payments. With recent updates from the IRS, being proactive in meeting deadlines is more important than ever to avoid penalties. Here’s everything you need to know about Form 1099 filing deadlines in 2024 and how to simplify the […]

As the 2024 tax season approaches, businesses and individuals responsible for issuing Form 1099 need to be proactive to meet IRS requirements and deadlines. For tax year 2024, all Form 1099 filings are due by January 31, 2025. Filing electronically is a convenient, fast, and efficient way to ensure timely submissions, and using a trusted

When tax season comes around, the process of preparing and filing your tax forms can feel overwhelming, especially for those who work independently or manage businesses that hire freelancers and contractors. The IRS requires individuals and businesses to report certain types of income through Form 1099, a crucial tool for tracking non-employee income, dividends, interest,

Introduction: Form 1099-MISC is an essential tax document used to report payments made to contractors, freelancers, and other non-employees. If you are a business owner, independent contractor, or even a freelancer, understanding Form 1099-MISC is critical. Filing this form accurately is very important because mistakes can lead to penalties from the IRS, delayed refunds, and

Introduction: Form 1099-K is an essential tax document used by the IRS to track income from third-party payment networks. These networks include platforms like PayPal, Venmo, and various e-commerce websites that process transactions on behalf of businesses and individuals. The form records payments made through these networks, which can range from credit card transactions to

As the 2025 tax season approaches, independent contractors must ensure that they file their taxes correctly, particularly by submitting Form 1099. This form is essential for reporting income earned outside traditional employment. Filing Form 1099 properly helps you stay compliant with IRS regulations, avoid penalties, and ensure accurate reporting of your earnings. For independent contractors,

Filing Form 1099-NEC is critical for businesses that pay non-employee compensation. This form ensures that income from independent contractors, freelancers, and non-employees is reported to the IRS. Accurate filing of Form 1099-NEC helps maintain transparency in income reporting and ensures that both payers and recipients meet their tax obligations. As we move into the 2024-25

The SSA-1099 form, also known as the Social Security Benefit Statement, is an important document for anyone who receives Social Security benefits. It shows how much money you got from Social Security over the past year. This form is very helpful during tax time because it helps you report your Social Security income correctly to

Form 1099-G is a key document issued by federal, state, and local government agencies that reports various types of government payments to taxpayers. It is most commonly associated with unemployment compensation but can also report other government payments, such as state tax refunds, agricultural payments, etc. For taxpayers, understanding how to use Form 1099-G is

Introduction:  Form 1099-C is a crucial IRS document for individuals whose debt has been partially or fully canceled. While debt cancellation may bring temporary financial relief, the IRS typically treats canceled debt as taxable income. This means you could owe taxes on the amount forgiven unless you qualify for certain exclusions. Issued by lenders such