Mastering Form 1099-MISC: The Essential Guide
Learn what Form 1099-MISC reports, which boxes to use, who must file, and how it differs from 1099-NEC for accurate IRS reporting.
1099-MISC Miscellaneous Income
Form 1099-MISC reports payments given to you not by your employer. Find out if you as an employer need to distribute a 1099-misc by reading the latest news related to form 1099-misc.
Import Spreadsheet Format Guidelines for Tax Year 2025
We’ve created Excel import spreadsheet templates to help you easily upload all of your 1095-B and 1095-C, 1099, and W-2 data. These templates are identical to the official IRS forms so that you can enter the information just as you would on paper. General Import Spreadsheet Guidelines For more in-depth or specific validation errors, you can … Read more
Who Must File 1099 Forms in 2026: Helpful Complete Guide
Information returns like the 1099 form help the IRS match income recipients report with what payers report. If you pay independent contractors, landlords, attorneys, or others in the course of your trade or business, this guide explains who needs to file, which forms apply, deadlines, exceptions, and practical steps to stay compliant in 2026. What … Read more
Import Spreadsheet Format Guidelines for Tax Year 2024
We’ve created Excel import spreadsheet templates to help you easily upload all of your 1095-B and 1095-C, 1099, and W-2 data. These templates are identical to the official IRS forms so that you can enter the information just as you would on paper. General Import Spreadsheet Guidelines For more in-depth or specific validation errors, you can … Read more
1099-MISC vs 1099-NEC: The Comprehensive Comparison Guide
Understanding the differences between the two forms, 1099-MISC vs 1099-NEC, is essential for correctly reporting various types of payments. We’re here to outline the differences and give you the information you need to determine which forms to file. 1099-MISC vs 1099-NEC: What’s New? The IRS made a couple updates to these forms for Tax Year … Read more
IRS Corrections: What, When, Why and How?
Every BoomTax filing license comes with free unlimited corrections submissions. We hope you never have to use them, but you should know what they are, when to submit them, why they are necessary, and how to minimize them. What Are Corrections? After you’ve submitted your information returns to the IRS, they may come back as … Read more
Prepare Form 1099-MISC for IRS Reporting
Once you are ready to begin your tax filing, you must gather the required information to prepare Form 1099-MISC. This includes information for the business, or payer, and recipient, or payee, as well as the amounts paid to the recipient. Form 1099-MISC, Miscellaneous Information, is used to report various types of miscellaneous income, such as … Read more
Avoid These Common Errors for Form 1099-MISC
Preparing Forms 1099-MISC can be difficult, but we are here to help simplify things! We have compiled this list to help ensure that you don’t make these common errors for Form 1099-MISC. So, you have already: If so, it sounds like you are ready to complete and file your 1099-MISC forms. However, before you press … Read more
Who Receives a Form 1099-MISC?
Form 1099-MISC, Miscellaneous Information, is used to report various types of miscellaneous income, such as rents, prizes and awards, and other income payments. Who should receive a Form 1099-MISC? Below is a breakdown of who should be issued a 1099-MISC based on the IRS guidelines. For each person in course of a business to whom … Read more
IRS Form 1099: How to File and Distribute
Form 1099 are a series of tax documents used to report various types of income and information to the IRS and taxpayers. There are many different 1099 form types and each has its own purpose. These form types are typically used by businesses and other payers to report certain transactions to the IRS. Distribute Form … Read more
Mastering Form 1099-NEC: The Essential Guide
Form 1099-NEC is used to report non-employee compensation amounts to the IRS. 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. Learn more about determining who should receive a Form 1099-NEC by navigating to our article “Who receives a Form … Read more
IRS Form 1099-MISC Guide for 2026 (TY2025)
Before you begin preparing your Form 1099-MISC reporting, it is important that you know what information you need to gather. We’ve compiled the following 4 key topics in our Form 1099-MISC Guide that may help you to correctly and timely complete your filing. What’s new for Form 1099-MISC? Excess Golden Parachute Payments Excess golden parachute … Read more
Import Spreadsheet Format Guidelines for Tax Year 2023
We’ve created Excel import spreadsheet templates to help you easily upload all of your 1095-B and 1095-C, 1099, and W-2 data. These templates are identical to the official IRS forms so that you can enter the information just as you would on paper. General Import Spreadsheet Guidelines For more in-depth or specific validation errors, you can … Read more
Breaking: IRS Removes Washington DC and Pennsylvania from CF/SF
In a surprise QuickAlerts announcement, the IRS has stated that there is an error in Publication 1220 and that DC and PA should not be listed among the states that participate in combined federal/state filing (CF/SF). Error in CF/SF List From the QuickAlert: “The current version of Publication 1220, (rev. 10-2022) Specifications for Electronic Filing … Read more
Import Spreadsheet Format Guidelines for Tax Year 2022
We’ve created Excel import spreadsheet templates to help you easily upload all of your 1095-B and 1095-C, 1099, and W-2 data. These templates are identical to the official IRS forms so that you can enter the information just as you would on paper. General Import Spreadsheet Guidelines For more in-depth or specific validation errors, you can … Read more