What is Form 1099-K? Form 1099-K, Payment Card and Third-Party Network Transactions is an IRS (Internal Revenue Service) form used to report credit/debit card transactions and third-party network payments. Minimum
What is Form 1099-K? Form 1099-K, Payment Card and Third-Party Network Transactions is an IRS (Internal Revenue Service) form used to report credit/debit card transactions and third-party network payments. Minimum
In a bold and consequential move, the Internal Revenue Service (IRS) has announced a significant adjustment to the 1099-K transaction value threshold. The previous limit of $20,000 has now been
The IRS has recently implemented a significant change that affects businesses and their filing requirements. With the release of new regulations, the e-file Threshold for certain information returns has been
Nonprofits must stay compliant and aware of their tax responsibilities when legally engaging with independent contractors. IRS reads employees and independent contractors differently, so Non-profits must be conversant with 1099
If you sell stocks, bonds, commodities, or other investments through a broker, you must be familiar with Form 1099-B. This form is used by the Internal Revenue Service (IRS) to
The dreading thought of the Internal Revenue Service (IRS) sending B-notices and proposed penalties to businesses can be greatly minimized with TIN matching. Learn how to use TIN matching to
Being a small business owner comes with many responsibilities, one of which is understanding 1099s. Because 1099s are an important part of filing taxes, it’s essential to understand what they
The Internal Revenue Service (IRS) classifies workers into two categories. 1099 and W-2 employees have different rights, responsibilities, and tax implications. As a business owner, understanding the differences can help
The freelance workforce is an integral part of the modern economy. With the rise of the gig economy, more and more people are working as independent contractors. However, figuring out
One of the most essential elements of making payments to consultants and contractors is collecting accurate W-9 information. This process can be laborious, especially if it’s done manually, and even