Whether you are new to the contractor scene or you have made this your way of life for years, tax season can confound and overwhelm every year. For most contractors, combing through piles of tax forms to determine which one you are required to fill out is the hardest...
1099 Forms
SITUATIONS WHEN A 1099 MUST BE FILED
Anyone who makes or receives a payment during the calendar year as a small business or self-employed individual must likely file an information return, such as 1099, with the IRS. Taxpayers are not required to file information return(s) if either of the...