How the IRS Matches 1099 Forms to Individual Tax Returns
The IRS uses an automated system to verify that taxpayers accurately report income listed on 1099 forms. This system, called […]
1099 Forms
How to File 1099 Forms for Non-US Residents
If you hire non-US residents (foreign contractors), the 1099-NEC is usually NOT required unless the work is performed inside the
How the 1099 Reporting Process Has Evolved Over the Last Decade
The 1099 reporting process has undergone significant changes over the past decade, driven by technological advancements, shifts in government policy,
1099 Forms for Deceased Individuals: What Executors Need to Know
Handling tax matters for a deceased individual can be complex, and 1099 forms are often part of the process. Executors
The Future of 1099 Forms: Will Digital Tax Reporting Replace Paper Forms?
As tax compliance evolves, the shift from paper-based filing to digital reporting is accelerating. With the IRS implementing stricter e-filing
What is blockchain?
Blockchain is a decentralized digital ledger that records transactions securely, transparently, and permanently across multiple computers. Unlike traditional databases, which
Do Influencers and Content Creators Need to File 1099 Forms?
If you’re an influencer, content creator, or digital entrepreneur, you may be required to file 1099 forms to report your
Gradual rollout for new reporting rules on Form 1099-K
For 2024, the IRS has provided a transition relief period, raising the threshold for Form 1099-K reporting. Payment platforms such
IRS FIRE system file status
The IRS FIRE (Filing Information Returns Electronically) system file status indicates whether files you have submitted are accepted, rejected, or
What is IRS Form 15397?
IRS Form 15397 is a recently introduced form used to request an extension of time to furnish recipient copies of