When it comes to information reporting, confusing Form 1099-R with Form 1099-DIV isn’t just a technical mistake; it can lead to misreported income, incorrect withholding, and IRS notices. While both forms deal with distributions, they apply
How many types of 1099 forms do you think there are? Five? Ten? The 1099 series has over 20 information returns for different kinds of payments. And each type comes with its own reporting triggers. Among
If you are paying lawyers, you might have to be a tad more careful when filing 1099s. Should you be paying 1099-NEC for legal services or 1099-MISC? This confusion is pretty normal. In this blog we
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