There are an array of business entities to choose from such as LLCs, C Corps, Partnerships, and S Corps. There is no easy and clear cut choice that fits every business. Each type has its own positives and negatives. It depends on the type of business and your future...
You are required to issue a Form 1099 to each person that earned over $600 in a given year. These should be mailed by Jan. 31. However, there are exceptions to who should be issued a 1099. You also must send a special version to the IRS by Jan. 31. Here’s a tip: When...
The IRS requires that taxpayers include every dollar earned on their returns, even if a 1099 is not received. The company you worked for is required to issue a Form 1099 to each non-employee that earned over $600 in a given year. They are supposed to mail these by...
Employers should send out an employee’s W-2 by Jan. 31 of each year. If you haven’t received it by mid-February, you should contact the employer. Make sure they have your correct mailing address. If your employer won’t provide one, then there are other options...