If you accept credit or debit card payments online or use an online payment service like Venmo, you may receive a 1099-K from the payment service or third-party payment processor you used. Not sure what to do with the 1099-K you received? Here's what you
Kansas City, MO– January 22, 2025– The millions of Americans with revenue-generating side hustles and casual sellers may be in for a big surprise this January—an unexpected tax form called the 1099-K. Payment platforms, apps, and online marketplaces must issue a Form 1099-K to an...
A limited liability company (LLC) is one of the legal entities that can make an election to use the S corporation tax accounting rules. The Mad Fientist, on your behalf, arranged for our offices to supply complimentary copies of our DIY S Corporation formation e-book. It provides step-by-...
Tax time can be an ordeal and a half trying to figure out what documents are needed, what amount you must pay, and when you must pay it. Even worse is the fact that if you miss the tax deadlines, the penalties can get costly. Fortunately, to make the season easier, tax experts have...
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Answer to: When you discover that an employee was overpaid, you should void the paycheck and create a new one with the correct amount. a. True b...
Form 1099-B What is It?: A 1099-B reports the sale of an investment to the IRS. Your 1099-B has all the cost basis information: buy and sell price, dates, and type of capital gain or loss. Income Type: Capital Gains Investment: Stocks, Bonds, ETFs, and Mutual Funds ...