Its tax time again and you must be sure to receive all the necessary forms. What is a 1099 tax form and who gets one? A Tax Form 1099 is used to report income other than wages, salaries and tips. Here of late, this term is used more and more frequently as many employers are opting to use contract labor versus hiring employees, who can turn out to be quite expensive when you factor in the insurance, payroll taxes, and other possible liability….
Filed under Tax Refunds by on Nov 26th, 2009.
ss the W-2 is postmarked, or delivered in person, later than January 31. 2. Form 941 (for payroll tax) http://www.irs.gov/pub/irs-pdf/f941.pdf 3. Form 940 (for unemployment tax) http://www.irs.gov/pub/irs-pdf/f940.pdf 4. Form 1099-MISC If you paid any independent contractors at least $600 in 2005, you must send each one a 1099 by January 31. http://www.irs.gov/pub/irs-pdf/f1099msc.pdf Tip: if the independent contractor is a corporation, you usual…
Filed under Tax Refunds by on Aug 31st, 2009.
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Filed under Software by on Apr 13th, 2010. Comment.
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Filed under Software by on Aug 28th, 2009. 5 Comments.
As we begin 2005, youre probably not thinking about taxes at all. This is a mistake as deadlines are approaching for issuing and filing 1099s to independent contractors. What is a 1099 MISC? Generally speaking, the IRS requires you to report certain payments you made during the year to independent contractors. The 1099-MISC form is a single page on which you report to total amount you paid to the independent contractor during 2005. The 1099-MISC…
Filed under Tax Refunds by on Jul 16th, 2009.