For IRS Form 1042-S, do I report each payment separately or the total amount paid for a tax year?
For IRS Form 1042-S, you generally report each payment separately rather than just the total amount paid for the tax […]
1042-S
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Why are 1099 forms important?
To avoid legal problems, and to avoid potential fines and auditing, it is crucial to submit 1099 information returns. 1099
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More Independent Contractor and Employee Scenarios
Independent contractors have several differences in the way that they should conduct business with an employer, as outlined by the IRS. The difference between an independent contractor and an employee can be confusing for some employers.
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More Differences between an Employee and Contractor
Knowing the difference between an employee and an independent contractor is critical for both tax and legal purposes. If an independent contractor is misclassified as an employee the consequences can be costly.
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Independent Contractor and Employee Scenarios
The IRS uses a 20 factor common-law test to determine whether a worker is an independent contractor or an employee, and offers Form SS-8 for employers or workers who need assistance with this determination.
1099 Forms
How do LLCs use 1099 Forms?
ependent contractors are commonly hired by LLCs due to long term cost savings and less oversight required.
1099 Forms
Yikes! Please help me! I got a CP 2000 notice from the IRS.
A CP 2000 notice is issued when the IRS suspects that a federal income tax return has either under reported
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I have a TCC number but can’t find my login, passcode or 10-digit PIN
This is a common question. Your company electronically filed 1099 forms last year. But the person who efiled last year
What if I forget my IRS FIRE password?
Forgotten FIRE Password The IRS FIRE (Filing Information Returns Electronically) system requires a password to log in. If you forget
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1098-T and the Hope Education Credit
Form 1098-T is an information return used by educational institutions to report student information to the IRS. The form has