The clock is ticking! The deadline to file 1099-NEC forms for non-employee compensation is February 2nd.   If you paid $600 or more in 2025 to vendors such as freelancers, attorneys, or other service providers,…

It’s sometime in February and you realize the Form 1099 you received is in error… In fact, it overstates your income by several thousand dollars. What should you do? Having an incorrect 1099 Form could…

Being an independent contractor isn’t simply a matter of choice or agreement between the worker and the employer.  The facts and circumstances of the relationship, and who has control over the work, and other factors…

The clock is ticking! The deadline to file 1099-NEC forms for non-employee compensation is January 31st. If you paid $600 or more last year to vendors such as freelancers, attorneys, and anyone providing you services,…

The $20,000 reporting threshold for payment card companies to issue Form 1099-K was scheduled to drop to $600 for 2023. A late change in November returned the original threshold, and the 2024 reporting threshold is…

1099-K Reporting for Digital Transactions By now most taxpayers are aware of Form 1099-K, which requires third-party settlement organizations and payment processors (such as Venmo, PayPal, Stripe, etc.) to issue a 1099-K when transactions exceed…

By the time tax season rolls around, you may feel overwhelmed with the variety of forms that you need to have and keep track of. They may all seem similar or you may be unsure…

Now is the time you will start receiving year-end informational tax forms. We’re all fairly familiar with W-2s from our employer, but you will also probably receive a number of different 1099s. Make your tax…