Form 1099-NEC is used specifically to report payments to non-employees. A non-employee is defined as a person or business who is not employed by your company, such as independent contractors, freelancers, or outsourcing companies.
Preparing Forms 1099-NEC can be difficult, but we are here to help simplify things!
Before you prepare your Forms 1099-NEC, you will need to gather the tax information for the business or payer and recipient or payee, as well as the amounts paid to the recipient. Continue reading Gathering Information to Prepare Forms 1099-NEC – TY2020
Rhode Island has announced that state filing is now required for ACA forms for Tax Year 2020. We know that new requirements can be tricky, so let BoomTax help you with your state and federal filing!
We have also compiled a list of the most commonly asked Q&A’s you need to know to be ready for January:Continue reading Rhode Island State ACA Filing Required for Tax Year 2020