Employers who pay independent contractors for work that is not paid through their payrolls do not take out deductions. The contractors file their own taxes and make the payments. As a result, ...

ROCK HILL, SC / ACCESSWIRE / January 7, 2025 / Tax season has arrived, and TaxBandits is prepared to simplify year-end filings for businesses, accountants, and tax professionals nationwide. As a ...

A new online portal where businesses can file Form 1099 series information returns for free is now open, the IRS said Wednesday. The Information Returns Intake System (IRIS) is available to businesses ...

Self-employed people are responsible for calculating, reporting and paying their federal, state and local taxes. When filing an annual federal tax return, a taxpayer will use his 1099-MISC form or ...

A 1099 form is a document that businesses use to report various types of government payments to both the IRS and payees. This includes payments for services, dividends, interest, rents, royalties, and ...

A business owner’s ultimate guide to IRS Form 1096 — including who needs to file and step-by-step instructions. Many, or all, of the products featured on this page are from our advertising partners ...

Form 1099-NEC isn’t a new form, but it hasn’t been in use since 1982. The IRS is bringing it back as a dedicated form for reporting self-employment income. You’ll use it this year instead of putting ...

Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, certified VITA tax preparer, IRS annual filing season program participant, and tax writer. Vikki Velasquez ...

Get free guidance and exclusive deals to grow your business with business.com+ Business News Daily provides resources, advice and product reviews to drive business growth. Our mission is to equip ...

Form 1099-QA is an IRS tax form filed by states, their agencies, or their instrumentalities. It reports distributions from Achieving a Better Life Experience (ABLE) accounts specifically designed to ...

Forbes contributors publish independent expert analyses and insights. Amber Gray-Fenner covers individual and crypto taxation and IRS news. Dec 23, 2022, 12:49pm EST Dec 24, 2022, 07:55am EST This ...