Common Errors for Form 1099-MISC – TY2020

Preparing Forms 1099-MISC can be difficult,  but we are here to help simplify things!

So, you:

Sounds like you are good and ready to complete and file your 1099-MISC forms.

However, before you press that print or e-file button, take a moment to review your information and forms for accuracy in order to avoid potential penalties or other problems. Continue reading Common Errors for Form 1099-MISC – TY2020

Gathering Information to Prepare Forms 1099-MISC – TY2020

Preparing Forms 1099-MISC can be difficult,  but we are here to help simplify things!

Before you prepare your Forms 1099-MISC, 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-MISC – TY2020

Who Receives a Form 1099-MISC?

Form 1099-MISC is used 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. This includes persons such as cleaning services, IT support, or maintenance services. Continue reading Who Receives a Form 1099-MISC?