Knowing when to issue which kind of 1099 form to someone you paid money to can be a mystery to small business owners, but ...

Update: This amendment did not make it onto the list of amendments that were voted on when the Senate passed the bill on Thursday, December 22, 2022. The omnibus bill is being sent to the house where ...

Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of Science in Finance degree from Bridgewater State University and helps develop content strategies. Investopedia / ...

If you regularly work with independent contractors or vendors, you’ll probably need to send them Form 1099 at the beginning of the year. There are over 20 types of 1099 forms, but fortunately, most ...

A business is required to obtain a taxpayer identification number (TIN) from any vendor to whom it makes payments that require the issuance of a Form 1099-MISC. A Form W-9 facilitates obtaining this ...

Form 16/16A issue date FY 2022-2023 (AY 2023-24): Salaried taxpayers usually file their Income Tax Returns (ITRs) based on Form 16 received from their employers. Form 16/16A is the certificate of tax ...

Are your accounts receivables piling up? With so many people out of work, many businesses are experiencing slow payers and (gulp) non-payers. If you're not sure about the practical and tax aspects of ...

Filing your income tax is a mandatory requirement for any US citizen earning the minimum income threshold for their age bracket. Even if you did not earn enough to necessitate filing your income tax, ...