Employers who have erroneously treated workers as nonemployees or independent contractors now have an opportunity to get into compliance with the IRS through a low-cost, voluntary reclassification program. (more…)
Posts Tagged ‘1099’
Wrong Worker Classification? IRS Offers Voluntary Settlement
Thursday, October 6th, 2011What’s the Latest on 1099 Reporting?
Friday, April 15th, 2011When it comes to 1099 reporting rules, it’s out with the new and in with the old. (more…)
Receive Rental Income? Start Keeping Records in 2011
Friday, January 14th, 2011Corporations, partnerships, individuals and trusts that receive rental income from property should plan to keep additional records in 2011. As a result of 2010 legislation, they will be required to issue IRS Form 1099-MISC to service providers, such as plumbers, painters and accountants, of $600 or more during the 2011 tax year. (more…)
How will new 1099 reporting impact my business?
Tuesday, August 10th, 2010Businesses could see significant changes in how they report transactions on 1099 forms, thanks to a provision in the Patient Protection and Affordable Care Act. (more…)
