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If you haven't filed your 2024 tax return yet, don't panic. Although the deadline for extended returns is October 15th, you can download all your W-2s, 1099s and other tax document information on a ...
The IRS will have much less of a view into how much income small businesses and independent contractors make because there will be much less third-party reporting required under Trump’s new law.
Independent contractor tax filing works differently than for employees. Learn about key deductions, filing requirements and tips with this guide.
Knowing the difference between a 1099 vs W2 employee classification is key for filing taxes. Employees receive a W-2 and independent contractors receive a 1099.
Understanding different types of 1099 forms The IRS currently has 21 different versions of Form 1099, but the two primary types you need to know are the 1099-MISC and the 1099-NEC.
SAN ANTONIO , Jan. 30, 2025 /PRNewswire/ -- All organizations that hired independent contractors in 2024 must file Forms 1099-NEC, Nonemployee Compensation, by January 31 to avoid costly penalties.
Follow these four Form 1099-NEC preparation tips from PayrollOrg to ensure accurate tax reporting for 2024.