Late 1099 Filings: What to Do If You Miss the Deadline
Missing the IRS deadline for Form 1099 can lead to penalties, but acting quickly can reduce the impact. Here’s how […]
November 25, 2024
Difference between 1-step and 2-step corrections
When filing 1099 forms, mistakes happen. The IRS allows you to fix errors using either a 1-step correction or a
How to Fix a 1099-DIV Error with Qualified Dividends
A common 1099-DIV error qualified dividends issue occurs when Field 2 (Qualified Dividends) has an amount but Field 1 (Total
Are referral fees or finder’s fees reportable on a 1099-NEC?
Yes, referral fees or finder’s fees are generally reportable on a Form 1099-NEC if they meet certain conditions. Here’s what
What types of services qualify for 1099-NEC reporting?
Form 1099-NEC reports payments of $600 or more to nonemployees for services performed in the course of a trade or
Understanding Record T, A, B, C, and F in IRS FIRE System
When filing 1099 forms electronically through the IRS FIRE System (Filing Information Returns Electronically), your file must follow the formatting