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0:54
The Most Common 1099's
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Understanding 1099s and Self-Employment Taxes | Tax Tips and Reminders
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Oct 26, 2022
TikTok
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1:30
Here’s everything you need to file 1099s the right way 👇 Your Business Info: • Your business legal name • Business address • EIN (or SSN if you don’t have an EIN) Contractor Info: • Contractor’s full legal name • Contractor’s mailing address • Contractor’s SSN or EIN (from a W-9) Payment Info: • Total amount paid to each contractor Correct form matters: – 1099-NEC → services ($600 or more) – 1099-MISC → rent, prizes, other income Deadlines you can’t miss: - Send to contractors by January 31 - S
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5 months ago
TikTok
melissa.san.roman
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You are required to issue 1099s! Here is a quick backstory on the idea behind the 1099 form and what it really means for contractors. • • #valuetaxadvice #1099forms
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POV: Tax Pros Unlock a New Skill 😎
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