Businesses are busy as the Form 1099 deadline is approaching. Are you looking for a better place that follows simple ways for filing Form 1099? Do you take several days filing Form 1099? Then, you are at the right destination. Tax2efile stands to be a perfect destination for easy filling of form 1099. The design of the user-friendly software is an advantage for easy tax filing. The software also relieves people of confusion and stress in filing...

Is your company planning to compensate non-employees in 2020? Take a look at the IRS tax forms latest updates. The IRS has declared Forms for 1099-NEC and 1099-MISC. The year-end reporting of 1099 for the year 2020 for non-employee compensation will not be on the 1099-MISC Form in box 7. As an alternative, the Form 1099-NEC filing is crucial. The IRS issued such updates exclusively for Non-employee compensation for a better-streamlined process and to alleviate confusion. Instructions...

The Internal revenue system has released its instruction to fill the form 1099- MISC for the year 2021 that pertains to non-employee compensation. A business owner should file Form 1099-NEC against the compensation (at least $600) that is been paid to contract laborers who are not the direct employees of a business. Other payments greater than $600 that is paid in the course of the business such as rent and ‘other income payment’ should be reported under...

Are you a college student? Are you muddled if you have to file a tax return? For a few college students, tax filing is mandatory, while for others non-compulsory. Filing a tax by college students depends on factors such as dependency status, income, and other factors. Here are few details for college students to know if they need to file a tax return or no.    Determining filing status    Dependent and independent are the two main...

We have seen serious of changes or updates related to 1099 MISC Forms, over the years. These frequent changes in the 1099 rules have brought some confusion among the business owners, which led to incorrect filing, resulting in heavy IRS penalties. Hence, before filing the 1099 MISC form electronically, it becomes necessary to know the basic rules first. Read on the rest, to know more. Whom to send Form 1099 MISC? A business owner is liable to...

For Non-employee compensation reporting, form 1099-NEC was in use. Do you know about the new 2020 Form 1099 NEC? Here’s a peek about the latest Form 1099-NEC. What is 1099 MISC? Miscellaneous income form 1099-MISC is known as an information return business for reporting payment types. Payments made to independent contractors fall under this category. Payment categories such as rents and royalties use form 1099-MISC. Form 1099-MISC is similar to W2 but meant only for independent contractors....

Thanksgiving is near and warm wishes from the Tax2efile team to you and your family. We extend our thankfulness to each of our customers in this holiday season. This thanksgiving day began as a day of giving thanks for the blessing of the harvest. Later, this day became the day where families come together, eat, share, and celebrate the special day with the loved ones. So we as a family are growing together with you and your...