In a recent effort to collect taxes from business owners, the IRS cracks down on business owners who use cash apps such as Cash App, Venmo, and Square Cash. The agency is arguing that these services should be treated as taxable income because they are used to receive payments for goods and services. Businesses that […]
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If you have ever had an employee annuity plan or a pension plan, you probably have heard of 1099-R. What is a 1099-R? The 1099-R is the form used to report the receipt of retirement plan distributions. But be careful, this form can also be used to report annuities and pensions. The 1099 R tax
What Is a 1099-R? Tax Forms for Annuities & Pensions? Read More »
As a small business owner, you’re probably familiar with the 1099 series of tax forms. If you’ve hired any independent contractors during the previous year, you’ll need to issue them Form 1099 Misc to report their earnings to the IRS. But what about workers who are non-employees? That’s where Form 1099 NEC Tax comes in.
Got Contractors? Get Form 1099-NEC Read More »
The IRS has started the crackdown on content creators, auditing them and making them fill out tax forms. However, in the absence of their own form, they have come up with a form 1099-MISC, which they will give to those people or businesses. Here are some tax tips for content creators to help you with
Form 1099 Online – Tax Tips For Content Creators Read More »
The new 1099 k tax rules have a lot of people wondering how it will impact their taxes. One of the questions on a lot of people’s minds is whether they can now earn a side 1099 income without being taxed at an absurdly high rate. The answer is, unfortunately, not quite yet. Table of
Do you want to Earn a side 1099 Income? Check out this New 1099 K Tax Rule Read More »
While some businesses may not have to pay taxes on their profits, understanding the tax treatment of any gains that might arise from a sale of an asset is still essential. Even if you are up to date with your tax accounting, you still need to know what to expect when there is a change
How Business-Related Gains are Taxed? Read More »
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 »
