ETAX1099BLOG

Penalties for Not Filing 1099 Forms Before Due Date

The Penalty amount depends based on when you filed the information return or when you furnished the correct payee statement. The penalty for not filing 1099 forms, correct information is separate from the penalty for not providing the proper payee statement. The penalty rates differ based on the condition. Penalty Rates The following table reflects the penalty rates and the maximums for not providing the correct information and/or not furnishing appropriate statements of the payee. This also...

Small Businesses Needs to File Major Payroll Forms

Finding the appropriate small business IRS Forms is a bit difficult when you are running your payroll program. As there are various tax forms for the employees to fill out, it is confusing which of the form is applicable to your business. In this article let us discuss, few of the IRS payroll forms that are required to be filed by small businesses Form W-2, Wage, and Tax Statement Form W2 should be filed for every employee,...