Tag: 1099

  There are many different variations of the 1099 form, but the 1099-K is a tax form that shows all the payments you received through a credit or debit card or some other electronic payment system (these are also known as “third-party payment settlement entities” or PSEs . . . Yeah, that’s a mouthful). Some ofRead more…

Owning a business requires you to pay attention to the details. It is your responsibility to ensure your company is compliant with all applicable federal and state filing requirements. 1099 forms are used by companies to tell the IRS when you pay an independent contractor or another self-employed person. And although it may sound simple,Read more…