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 […]
Why are so many tax professionals and individual filers switching to the Taxseer platform in 2022 to e-file form 1099-NEC online? Here’s what our users are telling us are the top ten reasons they choose Taxseer over other Form 1099-NEC e-File service providers: Cost-Effectiveness: Our prices are the lowest in the industry thanks to our […]
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 […]
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 […]
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 […]
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 […]
