1099s for Landscaping and Snow Removal Services
Property owners, management companies, and businesses often hire independent contractors to maintain their grounds — mowing lawns in the summer […]
Articles, guides, and IRS updates related to Form 1099 series including NEC, MISC, INT, DIV, and other information returns.
Property owners, management companies, and businesses often hire independent contractors to maintain their grounds — mowing lawns in the summer […]
Noncash Compensation Overview Noncash or “in-kind” compensation includes anything of value given for services instead of money — such as
Puerto Rico (PR), U.S. Virgin Islands (VI), Guam (GU), American Samoa (AS), Northern Mariana Islands (MP) Step 1 — Classify
Getting the form right comes down to what you paid for. Use this step-by-step decision tree, then check the quick-reference
Core rule: Most NIL payments to student-athletes are business income to the athlete (independent contractor/sole prop). Payers typically issue Form
Core rule: If you’re paying personally for work at your home (babysitting, mowing, raking), you’re not a business payer. That
Every year, the IRS processes billions of information returns, including Forms 1099, W-2, and 1095. These forms don’t just disappear
Crowdfunding platforms like Kickstarter, GoFundMe, and Indiegogo have opened new doors for entrepreneurs, nonprofits, and individuals. But along with the
Social media influencers, YouTubers, and content creators are transforming digital marketing. But with that growth comes tax responsibility. Payments from
When a lawsuit results in a settlement, the tax reporting obligations depend on the type of damages paid. In general,
Form 1099-CAP, “Changes in Corporate Control and Capital Structure,” is an IRS information return. It is used when shareholders receive
If you didn’t issue 1099s for last year, don’t panic — but don’t ignore it either. The IRS imposes penalties
Congress has already passed a law that will raise the $600 threshold for 1099-NEC, so this is more than just
For many freelancers and independent contractors, tax season comes with one familiar form: the 1099-NEC. It’s the document clients issue
If you’re a farmer or a member of an agricultural cooperative, chances are you’ll encounter Form 1099-PATR (Taxable Distributions Received
Form 1099-K is issued by third-party settlement organizations and payment processors (such as PayPal, Venmo, Stripe, or marketplaces) to report
Form 1099-K is used by third-party settlement organizations (such as PayPal, Stripe, and Venmo) to report payments to businesses and
Form 1099-S is the IRS’s primary form for reporting proceeds from real estate transactions, such as sales or exchanges of
Understanding the 1099 requirements for agricultural businesses is essential for farmers, ranchers, and agribusiness owners. Agricultural operations often rely on
Businesses often use contests, awards, and promotional giveaways to attract customers and reward employees or partners. While these incentives can
U.S. businesses sometimes pay independent contractors, vendors, or professionals in a currency other than U.S. dollars. If those payments are
Mergers and acquisitions (M&A) are complex transactions that involve not only strategic and financial decisions, but also compliance with IRS
When an estate distributes assets to beneficiaries, the executor or trustee may have to issue IRS information returns. Understanding when
Understanding the services that require a 1099 is essential for business owners, contractors, and anyone making reportable payments. The IRS
Form 3921 is used to report the exercise of Incentive Stock Options (ISOs). When an employee exercises options, the employer
If someone receives a Form 1099-NEC (Nonemployee Compensation) that they believe is incorrect, the IRS expects them to take action
If you’re a student or the parent of a student, you’ve likely received IRS Form 1098-T, the Tuition Statement. This
If you’re involved in real estate transactions—whether as a broker, title company, attorney, or closing agent—you may be responsible for
Paying for education is expensive, but thankfully, certain tax-advantaged savings plans can help. If you’ve contributed to or used a
Fantasy sports winnings are usually not reported on IRS Form W-2G. That form is designed for reporting gambling winnings from
What Is Form 1099-SA? IRS Form 1099-SA is used to report distributions from a Health Savings Account (HSA), Medical Savings
IRS Form 5498, IRA Contribution Information, is used by financial institutions to report contributions, rollovers, and other transactions related to
Form W-2G is an IRS tax form used to report gambling winnings, including slot machines, poker, keno, and other games.
If you need to file a 1099 for a deceased individual or a business that closed mid-year, you are still
RS 1099 matching is the process the IRS uses to compare 1099 forms against the information reported on individual tax
When working with non-US residents or foreign contractors, businesses often wonder whether they need to issue Form 1099-NEC. The general
The 1099 reporting process has transformed over the past ten years. Technology, IRS policy changes, and the growth of digital
Handling tax matters for a deceased individual can be complex, and 1099 forms are often part of the process. Executors
As tax compliance evolves, the move from paper-based filing to digital reporting is accelerating. The IRS is tightening e-filing requirements,
For 2024, the IRS has provided a transition relief period, raising the threshold for Form 1099-K reporting. Payment platforms such
The IRS FIRE (Filing Information Returns Electronically) system allows businesses to check whether their electronically filed information returns are accepted,
The IRS FIRE (Filing Information Returns Electronically) System supports various file types for electronically filing information returns. Below is an
No. You cannot offset gambling winnings with losses directly on Form W-2G. This form only reports gross gambling winnings to
A common 1099-DIV error qualified dividends issue occurs when Field 2 (Qualified Dividends) has an amount but Field 1 (Total
Yes, referral fees or finder’s fees are generally reportable on a Form 1099-NEC if they meet certain conditions. Here’s what
Form 1099-NEC reports payments of $600 or more to nonemployees for services performed in the course of a trade or