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The 'One Big Beautiful Bill Act' (OBBBA), signed by President Trump on July 4, 2025, introduces a groundbreaking change for ...
Tennessee has become the second state to offer portable benefits to 1099 workers, providing access to health insurance and ...
The good news is that it is not really difficult to report 1099 rental income. Along with the tax return Form 1040, you will generally file IRS Form 1099-MISC, which the IRS uses to keep track of ...
The 1099-G forms, which detail government payments to individuals for tax purposes, are being corrected and reissued this week. The errors arose during the first issuance of these forms using the ...
While filing this form is straightforward, errors can occur. Correcting these mistakes promptly is crucial to avoid penalties and ensure IRS compliance. Common Errors in 1099-NEC Forms Several common ...
Employees receive a W-2, whereas a 1099 form documents income you earned outside of W-2 earnings. For some taxpayers, the majority (or even all) of their earnings in a given year will be 1099 income.
By Beth Pinsker If you just shove your tax forms into a folder, you're missing out on valuable information Tax-filing season has started for 2024 returns, and that means millions of Americans are ...
Did you just receive a new form called a 1099-K, a form that you never, ever saw in your lifetime? Well, do not ignore any 1099-K that pops up. Take your time to understand this one.
South Carolina employers and payroll service providers need to submit their 2024 W-2 and 1099 forms to the SCDOR by Jan. 31, 2025.
REDMOND, Wash., Jan. 13, 2025 /PRNewswire/ — New ezW2 2024 tax preparation software is available for employers to process W2 and 1099 NEC forms for the looming Jan 31 2024 deadline. Moreover, this ...
Because there are many different ways to make money outside of a traditional job, there are several types of 1099 forms. Common 1099s you might see: 1099-G, 1099-K, 1099-R, 1099-Div ...