Once upon a time, there was a college student who worked part-time while attending school. As the new year rolled around, she sat down to file her taxes. She used the standard Form 1040EZ like she always did. But this year, she had received a Form 1099-MISC from the school for a project she had done with the student body association. Not finding anyplace on the 1040EZ form for this information, … [Read more...]
New Changes for 2017 Form 1099 Filing Deadlines
If you’ve been reading our blog, you know that having your 1099 forms properly submitted and accounted for is a critical part of ensuring accurate tax filings, both for businesses and taxpayers. This year, the IRS has made a significant change to the rules for filing Form 1099. The change relate to the 1099-MISC, which is issued to independent contractors and recipients of non-employee … [Read more...]