form 1099 misc

Understanding the IRS’s New Identity Protection PIN Program

Tax-related identity theft is a growing concern for taxpayers across the United States. With cybercrime on the rise, more individuals are falling victim to fraudsters who steal personal information and use it to file fraudulent tax returns. This criminal activity results in delayed refunds, financial loss, and significant stress for victims. In response to this, […]

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What are the fillable Form 1099 MISC reporting changes the tax-teams faces year-end?

For tax analysts, the beginning of a new tax year always brings along a series of changes in the fillable form 1099 misc reporting. These changes can affect how many 1099 Tax forms a business must send to the IRS and to what extent. The Internal Revenue Service pushed a lot of reporting deadlines back.

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What are Gross Proceeds & Why to EFile 1099 MISC for Gross Proceeds?

Do you know EFile 1099 MISC Information returns can be used to report attorney payments? Yes, businesses can E-File 1099 MISC to report attorney payments to the Internal Revenue Service. As per the IRS rules and guidelines, report the payments made to attorneys only if the attorney is not an S or C corporation member.

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Does receiving 1099 MISC Tax Form Force a contractor to file taxes?

Does receiving 1099 MISC force to file taxes? Are you an individual/business owner? Did you perform services in the course of business or trade? Then you are considered as a 1099 independent contractor. According to the IRS, contractors who receive 1099 income must report it on Form 1040. Otherwise, the IRS subjects the contractor to pay

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