Publisher's Synopsis
Latest edition with 2021 tax code updates.
The IRS rules are continually changing, which makes it that much harder to stay compliant. Now you must use Form 1099-NEC or 1099-MISC, whichever applies to the situation. If you make a mistake, you could end up paying costly penalties.
In our workbook, you'll learn
- when you are required to issue a 1099,
- who doesn't get a 1099,
- what qualifies as a 1099 vendor,
- which 1099 form to use when you're transacting with an independent contractor,
- how to gather the information to issue Form 1099 and 1096,
- critical elements of the Form 1099 instructions, and
- the risks of not complying with the IRS rules.
Plus, we'll show you one way to avoid 1099s for good.
Get your copy today to make your 1099 bookkeeping task easier.
