My 1099 OID 2018 is Late. What Do I Do?

If you neglected to file 1099 OID 2018, you should file as soon as possible. Most 1099 forms have a three-year statute of limitations. As a result, the IRS can levy a penalty or fine for a missing or incorrect form for three years after the initial deadline. If your organization or business has not […]

Is the Lyft 1099 form 2018 Different in 2020?

Yes, the Lyft 1099 form 2018 is different from the forms drivers will receive in 2020. The increasing number of independent contractors in the United States, as well as some deadline confusion, has led the IRS to resurrect the 1099-NEC form. Now, those who earn wages as non-employment compensation will receive a 1099-NEC rather than […]

Do I file a 1099 form 2019 for Employees?

No, employers and businesses should not file 1099 form 2019 for employees. Instead, they should file a W2. The difference can be a bit difficult to navigate, especially for new business owners. Additionally, these categories can shift – what is considered an independent contractor in 2020 might not be an independent contractor in 2015. This […]

Can I still submit a 1099 correction form 2018?

In short: Yes, you can still file a 1099 correction form 2018. Mistakes happen, especially at small businesses. Without the ability to hire a full-time accountant or accounting team, keeping tax and wage forms straight can be a challenge. If you discovered a mistake on a 1099 form from 2018 while going through your files, […]

Which 1099 Contractor form 2019 is Changing?

The 1099 contractor form 2019 is shifting. The American tax code changes frequently, but it doesn’t often affect the two major wage forms: the 1099 and W-2. But this year, 2020, has brought some major changes to life in the United States, and the way we do taxes is no exception. Starting in the 2020 […]

Which 1099 tax form 2019 should I use?

For the first time in several years, 1099 forms have changed in a way that will significantly impact most users. Starting in the 2020 tax filing year, most businesses will distribute the 1099-NEC, rather than the 1099-MISC, to contractors. This form, also known as the Non-Employment Compensation form, will change how most businesses file taxes […]

Understanding Real Estate Transactions: 1099-S Instructions

If you’ve recently participated in a real estate transaction, you’re likely in need of 1099-s instructions. The 1099-s, or the version of the form used for Proceeds from Real Estate Transactions, is used when reporting the sale, purchase, or transfer of real estate property. However, like many versions of the 1099, figuring out this form […]

Will the IRS catch a missing 1099-misc?

The Internal Revenue Service is a notoriously underfunded and understaffed department of the United States Government. Still, they are responsible for processing, auditing and double-checking financial records for each person in the country, as well as distributing tax refunds at the end of the year. With so much going on in this governmental agency, it […]

Where Can I Get a 1099 for 2017?

The IRS provides an online PDF of the 1099 for 2017. Those who need to reference the form or fill it out for personal record-keeping should be able to print this PDF directly from the website. However, remember that paper forms are scanned during processing. This means preparers cannot file 1099 for 2017 with the […]

Looking for a 1099 Form 2019 PDF? We Can Help

The 1099 form 2019 PDF is available online from the IRS. The agency keeps all previous file versions on-hand and available to download. This is especially helpful for people filing late or by hand. However, those searching for a 1099 form 2019 PDF are likely doing so because of a late filing. If you fall […]