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So far 1099miscinstruct has created 59 blog entries.

How does the government shutdown effect reporting W-2/1099-MISC for your business?

Do you have questions about filing W-2/1099-MISC during the shutdown? The IRS has less than 12% of its staff available during the shutdown and they stopped phone support all together. Even though the shutdown is in full swing, there is no indication of the IRS allowing for 1099-MISC extensions since the IRS is technically still

2021-08-11T13:54:01-04:00January 9th, 2019|

TIN Verification Services – Did your contractor provide you with the correct info on their W-9?

For most of us that that hire contract labor, we typically send our contractors a W-9 and use that information to issue them a 1099-MISC at the end of the year - pretty simple! However, did you know that if you report that 1099-MISC to the IRS with incorrect information you can get fined, even

2021-08-11T13:54:01-04:00August 27th, 2018|

IRS eliminates automatic 1099-MISC & W-2 extensions for 2018

Not great news from the IRS for any business that has contractors or employees! IRS UPDATE AS OF 08/02/2018 The IRS has issued their final regulations regarding automatic and non-automatic extensions for time to file 1099-MISC and W-2 forms. A link to the official IRS publication is below, but here’s what it means for you:

2021-08-11T13:54:01-04:00August 3rd, 2018|

Hire a contractor for your business this year!

Not every aspect of your business requires a permanent employee. For many business owners, hiring a contractor is a great way to execute tasks that require skilled labor or short-term support. Need a logo designed, a cleaner, a consultant, or someone to develop a marketing plan or decorate your store? The options for hiring a

E-Filing Tax Forms with Wagefiling: Just How Much Will It Save You?

Since the time businesses began having to report employee and contractor wages to the IRS and SSA, filing has been a bit of a hassle. Let us paint you a picture here. In the beginning, business owners would have to order W-2/1099 forms and software from a catalog (using a fax machine. Oh the horror).

W-2 vs. 1099: What’s the Difference and Why Does It Matter?

Having just reached the start of November, tax season may still be the furthest thing from your mind. The truth is, it shouldn’t be. As a small business owner, taxes and specifically, the forms associated with them, are crucial to have on your radar all year long. Equally as important is having a comprehensive understanding

Tips for Filing Your Taxes for the Very First Time

Tips for Filing Your Taxes for the Very First Time   You’re fresh out of school and actually working for the very first time. The end of the year is here, and suddenly you are faced with filing your taxes for the very first time in your young life. Don’t worry about being intimidated by

2016-07-29T10:25:16-04:00August 10th, 2016|

The Pros and Cons of Filing Taxes Online

The Pros and Cons of Filing Taxes Online   In today’s modern world, you no longer have to head to your local tax office and wait forever for an agent to file your taxes for you. Today, you can simply get online and with a few keystrokes and the click of a mouse, file your

2016-07-29T10:21:57-04:00August 3rd, 2016|
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