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We use Form 1098 and its variants to report contributions and other tax-deductible expenses to the taxpayers and the Internal Revenue Service.…
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1099 and W2 Form - Independent Contractors Vs Employees
Businesses are mandated to file both their income tax returns and their information returns to avoid costly penalties later on. Businesses use…
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Business owners face a series of changes right from the start of the year 2020, including the procedure to file their tax…
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Form 1099-MISC is used to report miscellaneous income by businesses and is been approved by the IRS to make a certain type…
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Form 1099-NEC pertains to reporting information relevant to non-employee compensation. It is not a replacement for Form 1099-MISC as the latter is…
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Freelancers and small businesses who hired contracted workers use IRS Form 1099-MISC to file their returns. But, recently the IRS has introduced…
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