For the tax year 2022, the IRS will continue to use the relatively new Form 1099-NEC to enforce its filing requirements. Traditionally, businesses have used Form 1099-MISC – Box 7 to report nonemployee compensation. Now, you may need to use both 1099 forms and follow their unique specifications. If you are involved in a business, […]
As part of your growth strategy, you may have decided to hire independent contractors to be included in your business solution. Good idea – some of the best talent in our economy exists in the form of independent contractors. From graphic design, to landscaping, to administration, independent contractors can provide small businesses with a wealth […]
It’s the IRS tax reporting time again and there’s something you should know — the IRS requires your company to file Form 1099-NEC Online (Non-Employee Compensation) to report non-employee compensation by the due date of 31-Jan-2022. If your business paid an independent contractor more than $600 this year for services provided to your company in 2020, […]
As the year’s end draws near, many tax payable departments are gearing up to complete their annual Form 1099 filings. For 2021, a new form, Form 1099-NEC Online, will be used to report payments of non-employee compensation to vendors. The IRS resurrected the Form 1099-NEC, which had not been used in decades, to replace Box […]
Ongoing changes in the IRS tax reporting requirements are affecting the way companies do compliance reporting, and it’s going to keep changing. Are you ready to outpace changes in IRS tax compliance rules? Does your business have what it needs to be compliant with IRS tax rules? Maybe you’re thinking, it’s going to take a […]
Whew…2021 is behind us and there is no denying the fact that it affected all strata of society. As we look forward to 2022 with hope and optimism, it is important to also remember the positives from last year. We fully witnessed resiliency and adaptability among everyone to cope up with the dire situation. That […]
Taxseer provides option to eFile Form 1099 NEC Online to the filers through the proven forms engine that mimic the paper forms. Filers generally used to perform form 1099 paper filing with the IRS find the Taxseer online editable forms very easy to use guided by the tax wizard to complete the error-free form. The […]
As part of your growth strategy, you may have decided to hire independent contractors to be included in your business solution. Good idea – some of the best talent in our economy exists in the form of independent contractors. From graphic design, to landscaping, to administration, independent contractors can provide small businesses with a wealth […]
IRS Form 1099-MISC Box-7 (Non-Employee Compensation – NEC) filing is generally performed by an organization for any payments made to the self-employed professionals and independent contractors who earn their income outside the usual employer-employee association. Some of the NEC related payments are as follows: fees & compensation for services performed as a non-employee for a […]
Taxseer provides a quick and easy form 1099 MISC Online Filing options to the filers through the online forms that mimic the paper forms. The highly sophisticated Taxseer’s editable online forms have changed the way the filers have been traditionally filing the paper forms and reduced the filing time to minutes instead of hours and […]
