Do We Issue 1099s For Goods Provided?
I have an S Corporation and issued 1099 forms to LLCs and contractors. As an S Corporation, do I need to issue a 1099 for goods and supplies?
An Insider’s Look at 1099, W-2 and ACA Reporting for the Upcoming Season
With the bumped-up deadlines for filing 1099s, W-2s and ACA 1095 forms in 2017, the upcoming tax season will be especially challenging for small businesses and accountants. The tighter timeframe will require careful planning, along with the right resources to complete the filings as quickly and accurately as possible.
What’s the Best Electronic Reporting Solution for the Affordable Care Act?
The Patient and Affordable Care Act (i.e. ACA) that was signed into law in March 2010 and upheld by the Supreme Court in June 2012 represented unprecedented changes to the health care system. As a result, the IRS released new informational reporting requirements that employers must meet beginning in January 2016. These changes significantly impact how accountants file the new information reporting forms as well as advise their clients on meeting the requirements. To gain a deeper understanding of the new law and the solutions available in the market, we sat down with Susan Drenning, the President of eFile4Biz.com.
Do We Issue A 1099 For Goods And Supplies?
I’m a staff accountant for an S Corporation. We need to issue 1099 forms to LLCs and contractors. As an S Corporation, do we need to issue a 1099 for goods and supplies?
Is A Reimbursement For Attorney Fees From A Lawsuit Taxable?
I have a client that was a defendant in a lawsuit that won the case. Is the money that is used as a reimbursement for attorney fees and court costs taxable? Do they receive a 1099-MISC?