who gets a 1099-misc

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

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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

The Differences between an Employee and a Contractor: Tax Forms

Knowing how to tell the difference between issuing a W-2 form and a 1099-MISC form can be a little confusing, especially if you are part of a company that deals with many different types of workers. However, knowing which worker is an employee and which one is a contractor is important for your business so

Do we file a 1099-MISC to an LLC or large Corporation?

Who To Send A 1099-MISC Form To? Posted by Tom Taulli (@ttaulli) operates MasterCFO, which provides income tax preparation and tax problem resolution for individuals and businesses. I recently got the following question from a tax client: “Last year I paid $1,000 to someone to build my website. But his business is an LLC. I

1099-MISC Instructions – Who gets one?

Each year we get questions on who falls into the category to receive a 1099-MISC. Below is a excerpt from the IRS.gov (minus a lot of jargon) that can help a reference on who is required to get a 1099-MISC for work or services performed over the calendar year. As you will see basically it