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1099 Tax Deductions For Small Employment Businesses

The IRS allows various deductions for small employment businesses when compared to the regular employees. The 1099 deductions are the little complex for the individuals who are filing the tax returns for the first time. In order to clear the doubt regarding the tax deductions and to know more about 1099, lets shed some light on 1099 tax deductions for small employment businesses. Top 10 Tax Expenses for Self Employment Businesses Expenses of car and mileage Among the...

Thanksgiving Day wishes from Etax1099 Team

Thanksgiving is near and warm wishes from Etax1099 team to you and your family. We extend our thankfulness to each of our customers in this holiday season. This Thanksgiving day began as a day of giving thanks for the blessing of the harvest. Later, this day became the day where families come together, eat, share and celebrate the special day with the loved ones. So we as a family are growing together with you and your support....

Form 1099-A (Acquisition or Abandonment of Secured Property)

A lender issues the Form 1099-A, Acquisition or Abandonment of Secured Property when the lender receives an interest in the property that was on the full or partial satisfaction of the debt, else if the lender got some reason to know more about that the property has been abandoned. Here, the property refers to a real property, tangible personal property, and any intangible property. The Form 1099-A is not for reporting the tangible personal property such as...