940 E-Filing – California Payers
When E-Filing the 940 for a California Payer, an error will occur, “Form 940 – Either the element ‘VIFUTA Wages’ is missing or out of rder , or the element ‘CAFUTAWages’ is invalid’”. This is corrected by downloading Version E-3. or higher.
State 1099 E-Filing Tips
Before E-Filing 1099 forms to the State, the State information must be filled out in the State/Payer’s State No. box on the 1099 Form. This also needs to be formatted a certain way. For example: NJ/123-123-123/000 On the 1099-NEC form it goes in Box 6, the 1099-MISC form, Box 16 and the 1099-R form, Box […]
Incorrect Addresses
AMS customers have concerns about the Mailing addresses for the 1099 forms. Be assured that AMS is using the most current Mailing Address instructions for the 1099/1096 forms. Currently in Version E-3.0 (or higher), in the 1099-etc software, we are using the addresses found in the 2020 Publication 1220,General Instructions for Certain Information Returns (Forms […]
What Happens if You Submit a Late 1099?
There are more independent contractors working now than ever before. If you own a business, no matter its size, you will likely need to prepare a 1099. If you need to prepare just one version of a 1099, you may think it will be okay to skip the process. However, the IRS keeps close tabs […]
Do I need to file a 1099 for a caregiver?
The 1099 form is complicated, and some people may be wondering if they should file a 1099 form a caregiver. Increasingly, families and individuals are relying on independent caregivers, especially amid the novel coronavirus pandemic. If your family recently switched over from a nursing home provider to an independent worker, you may be wondering if […]
How to Fill Out 1099 MISC with AMS
If you’re a new employer, you may not know how to fill out 1099 misc. Those just starting a business may be relying on 1099 work rather than w-2 employees. As a result, it is essential to know how to fill out 1099 misc early in your small business’s life. This is one of the […]
Where to Get a Printable 1099 Form 2020
There are a number of rules to follow when tax filing season commences. Some of the rules and guidelines can feel especially overwhelming if your business is small or is getting off the ground. However, in order to avoid any unnecessary penalties, it is important to know the places where you can print the Form […]
Switching from a Blank 1099 Form 2020 to Digital Software
The coronavirus pandemic has changed the ways many offices operate. When it comes to filing your business or trade’s 2020 tax returns, re-evaluating previous standard proceedings should be a priority. Now, as more 1099 forms are being filed by both large and small businesses this year, it is a good time to make a transition. […]
Tips for New Employers and Businesses with Payroll
If you’re just starting a business, payroll might not be at the top of your to-do list. As a new business owner, you likely have dozens of other tasks to complete – securing your business license, getting a taxpayer number for your new entity, and securing any leases you might need to open up. However, […]
Do I need to issue a 1099 gift form?
Form 1099-MISC has wide and varied uses. From specified income payments to crop insurance proceeds, this form is a catch-all for most forms of non-employment compensation. The IRS has announced that the 1099-NEC is going to be available in the very near future. This means contracted income will have its own form, which will help […]