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, […]
Even though most businesses would prefer a static landscape, as far as the tax compliance rules are concerned, that predictability would make planning so much easier. IRS tax rules, however, are dynamic and complex. The reward for getting it right is significant. Ok, so it’s complex. How then can filers and tax professionals address this […]
Before 2020, if your business hired contracted workers or freelancers then you issued 1099-MISC Forms Online. Now Form 1099-NEC Filing can be done for reporting independent contractor income, what is officially known as “non-employee compensation.” If you appoint contractors or contract with non-profits, this blog is for you! The 1099-NEC was reintroduced to address confusion […]
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 […]
Your small but growing business just had its best year to date – congratulations! 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 […]
Purpose of Form W-9 Business use IRS Form W-9 (Request for Taxpayer Identification Number and Certification) to get information from vendors who are hired as independent contractors. When a business makes a payment of $600 or more to the contractor during a tax year then it has to be reported to the IRS through Form […]
Taxseer provides form 1099 MISC online Filing options to the filers through the online forms that mimic the paper forms. Filers generally used to performing paper filing of form 1099 MISC with IRS find the Taxseer online editable forms very easy to use and they rarely have any confusion during e-filing. The ease of filing […]
(Bulk upload is a very important topic for the e-file systems and there are several important features that need to be discussed to understand the complexity. This topic has been split into two parts to discuss each important feature in detail.) In the previous blog related to the IRS Forms (1099 Series, 1099 MISC, W-2, […]
(Bulk upload is a very important topic for the e-file systems and there are several important features to discuss to understand the complexity. This topic has been split into two parts to discuss each important feature in more detail) Companies having to e-file thousands of IRS forms (1099 Series, 1099 MISC, W-2, and ACA – […]
