- February 2, 2021
All of us must be gearing up as the new tax year is approaching. Amid the various forms, you must have come…
- January 31, 2021
We use Form 1098 and its variants to report contributions and other tax-deductible expenses to the taxpayers and the Internal Revenue Service.…
- January 30, 2021
Businesses are mandated to file both their income tax returns and their information returns to avoid costly penalties later on. Businesses use…
- January 25, 2021
Form 1099-MISC is used to report miscellaneous income by businesses and is been approved by the IRS to make a certain type…
- January 20, 2021
Freelancers and small businesses who hired contracted workers use IRS Form 1099-MISC to file their returns. But, recently the IRS has introduced…
- January 18, 2021
Form NEC 1099 pertains solely for reporting the non-employee compensations and used for reporting independent contractor payments. This is a variation of…
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