The first thing you need to know about how to hire a 1099 employee is that, technically, there’s no such thing as a “1099 employee,” although it is a commonly used term. It’s often used to describe an independent contractor who is engaged directly by an employer to either provide ...
Learn how to fill out and file 1099-NEC forms for independent contractors and freelancers. This guide provides step-by-step instructions, deadlines, and FAQs.
If you receive tax form 1099-NEC for services you provide to a client as an independent contractor and the annual payments you receive total $400 or more, you'll need to file your taxes a little differently than a taxpayer who only receives regular emplo
Maximize efficiency during tax season with our guide on how to file a W-2 and 1099 together. Streamline filing and navigate obligations during tax time.
The 1099-MISC form is used to report different types of payments. This video will help you more accurately report these payments on your tax return.
We hope we’ve unraveled some of the mystery about how to file 1099. Most freelancers can handle filing taxes on their own. If you prefer travel over paperwork, you can always make friends with an accountant. If you enjoyed this post, continue browsing our blog. You’ll find a wide rang...
Is a W-2 employee or 1099 independent contractor better for your business? W-2 employees are beneficial to businesses that operate on specific processes and are looking to commit to an employee's growth for an extended period. These employees are going to be more dedicated to the business in...
Keep in mind, you will have to fill out Form 1040 as well. This tax form helps the IRS establish a clearer depiction of your total taxable income as an employee and independent contractor. How do you file taxes with a 1099? If you are new to the 1099 family, you’ll quickly learn...
First, you need to make sure that the contractor really should be an employee. Constantly switching a worker’s classification might give the IRS incentive to audit you. To determine if a worker is a contractor or employee, use the Department of Labor’s six-part test and the IRS three-pr...
you’re not doing anyone any favors by continuing the employee relationship. The longer you keep someone after you realize they aren’t a good fit, the more time you will waste for both of you. It’s better for everyone to cut and run as soon as you decide it’s not going to work...