If you're wondering, "How do I do a 1099 for an employee?" just chill. 1099 forms don't go to employees, the IRS explains. They only go to nonemployees your company pays money to. You report employee ...

Your nonprofit company reports the money you pay your employees on their W-2 forms. If you pay at least $600 to a non-employee during the tax year, you report it to them and the IRS on Form 1099-NEC.

Each January, your mailbox and e-mail is likely filled with tax forms. If you work for an employer, you’ll receive a W-2 reporting your wages. But if you do any self-employed or freelance work, you ...

After yesterday’s post, we received a couple of emails on Form 1099-PATR and how to report certain items on the form. This post will go over those items. First, for Form 1065 and 1120-S, the DPAD ...

On July 6, 2020, the IRS issued Tax Tip 2020-80 to remind business taxpayers that, commencing with payments made in 2020, they must report any payments of over $600 per year for services by ...

Are your accounts receivables piling up? With so many people out of work, many businesses are experiencing slow payers and (gulp) non-payers. If you're not sure about the practical and tax aspects of ...

As is the case every year, we’re hearing from lots of folks confused about when to send a 1099 form or other “information returns” to someone. It is true that over time, these forms have continued to ...

Under the Investment Infrastructure and Jobs Act (the “IIJ”), Section 6045 of the Internal Revenue Code was modified to include digital assets among the class of assets brokers must report information ...