Many businesses still get confused about 1099-NEC vs 1099-MISC, since both forms report non-employee payments. In this guide, we’ll take you through the main differences between 1099-MISC and 1099-NEC, when to use either form, and how
Like all the variants in the 1099 series, Form 1099-INT serves an important role in reporting interest income correctly to the IRS. So, who qualifies as a Payer? What are the deadlines you need to remember?
Filing 1099-MISC forms on time is an essential part of staying compliant with IRS and state reporting requirements. Miss the IRS deadline and you’ll have to face failure to file 1099-MISC penalty. This results in fines
Hiring a foreign person or working with one brings its own reporting requirements, which can get quite complicated, especially when it comes to 1042-S due date. In this blog, we are breaking down the finer details
Learning how to file 1099-MISC correctly can help your business avoid filing mistakes which could lead to penalties and increased IRS scrutiny. Form 1099-MISC at a Glance 1099-MISC reports rent, prizes, awards, medical and health care
Why File Form 1099-NEC Electronically? Any nonemployee compensation of $600 or higher must be reported on Form 1099-NEC. The IRS has made it mandatory to efile 1099-NEC 2025 if you are filing 10+ forms. Unlike paper