Category: Tax Tips

Reminder if you are paper filing Forms 1099 & W-2, they need to be postmarked today!  When you E-File those forms, your deadline is April 1st and you

If you are paper filing Form 1099 & W-2, they need to be postmarked by tomorrow, February 28th.  The SSA encourages all employers to E-File Form W-2. E-filing

Form 1099-INT, Interest Income, is a yearly tax statement provided by payers of interest income that summarizes income of more than $10 from interest along with associated expenses.

Form 1099-DIV, Dividends and Distributions,  is a yearly tax statement provided to investors by by banks and other financial institutions to report dividends and other distributions to taxpayers

By now all Form 1099 and W-2’s should have been furnished to recipients.  Now it is time to file them with the IRS and Social Security Administration if

From the IRS website regarding Missing 1099: If you receive certain types of income, you may get a Form 1099 for use with your federal tax return.  Form

It’s Tax Time and we have some tips to help you prepare. Keep Accurate Records Regardless if you file on your own or have a professional file for

Form 1099-MISC, Miscellaneous Income, is used to report payments for services performed for a business by people not treated as its employees, such as payments to subcontractors, rent

This was posted to the IRS site regarding missing W-2’s: Missing Your W-2? Here’s What to Do It’s a good idea to have all your tax documents together

It is important to file your 1099 & W-2 on time to avoid incurring penalties.  According to the General Instructions for Certain Information Returns the penalty applies if