ETAX1099BLOG

What are the Due Dates for 1099 Forms in 2016 Tax Year

Prior to knowing the due dates for 1099 forms 2016 to 2017, it is necessary to know what are IRS 1099 forms especially the ones being described here- Forms 1099-MISC, 1099-K and 1099-INT.  1099 Deadline: 1099 Filing and Submitting Due Dates   March 31st, 2017 is 1099 due date for filing 1099 forms electronically. 1099 MISC due date is on or before 31st January 2017 when reporting nonemployee payments in Box 7. If the deadline for 1099 form...

What Happens if You Forget to E-File a 1099 Tax Form

It is necessary for you to get form 1099 if you receive money from a government or business entity during the year which is reportable on your taxes. File 1099 online by taking the services of various online filing service providers. However, prior to considering to e-file 1099 make sure that you have a basic understanding of the form. It is in no ways a tax document but an informational form that needs to be filled out...

1099-INT Form Instructions for 2016-Efile 1099-INT Tax Form

1099 forms are a type of tax documents which are used for reporting certain kinds of payments which are made by financial institutions. These forms are used in U.S.A for preparing and filing information returns for reporting various sources of income other than salaries, wages, and tips. They can be filed through two ways mainly. Firstly, they are sent manually. Secondly, they are sent electronically through Filing Information Returns Electronically System (FIRE). These series of documents are...

Should Know the ABCs of Issuing Form 1099 Electronically

There can be absolutely no doubt in the fact that there are several critical things to remain aware of when preparing to issue form 1099-MISC. This actually means that organizations really need to think properly about this form. They need to have a clear understanding of the entire procedure and the purpose of this form. The IRS form 1099-MISC is a form with which the IRS gets the flexibility of tracking and even receiving all the money...

Understanding Form 1099 – Some Non-Profit Tips

Form 1099 can be taken as a vague IRS term. This is because there are different varieties of IRS 1099 forms. All the different forms have different purposes based on varied activities. Therefore, there are different filing requirements when it comes to IRS form 1099. Any tax-exempted organization that is required to file the IRS 1099 form needs to consider different factors in this procedure. The type of form that the organization is required to file is...

Filing Tax Form 1099-INT – Form 1099 Interest Income

Do all the different people who receive 1099 form get the same form from the person, the government unit or the company who made them their payments? No, this is not the case. Each varied type of income mentioned has a completely different form 1099 associated with it. Independent contract workers generally receive form 1099-Misc standing for miscellaneous income. In opposition to various other forms which are more particular for specific income types. The businesses or the...

Need to Know Everything About Federal IRS 1099 Form

Federal form 1099 is basically a tax form which is used for reporting income received by an individual. This income needs to be reported on an individual’s tax return. A proper 1099 form is sent to the IRS by the payer and the copy of the form to the individual who receives the payment in the form of income. There are different types of 1099 with each type being designated by one or more than one letter...

Hurry Up! File Your IRS Form 1099 Online Today

The IRS has multiple forms that can be confusing for taxpayers when filing their returns. Let’s take a look at the form 1099 and decipher its importance. The agony that the numerous forms by the IRS cause are unthinkable while filing our tax returns. If you have a proper understanding of what each form entails. One of the most important forms that are issued by the IRS for tax purposes is the Form 1099. The 1099 IRS...

Choose Your IRS 1099 Form for Reporting Your Tax Return

The multifaceted IRS form 1099 happened to be one of the IRS’s important mirrors in its ongoing effort to showcase the defaulters as main part of income tax return program so as to prevent potential taxpayers from underreporting or misreporting their income. An “information return” can be taken as not be a tax return as according to the experienced tax professional serving IRS. But as an alternative, it is a form 1099 that provides the IRS with...

What Are the Different Types of 1099 Tax Forms?

A 1099 form is an information return that is filed with the Internal Revenue Service, IRS, that reports income earned from various ventures like; self-employment earnings, interests and dividends, payments from the government, and many more. There are a number of different types of 1099 forms and each one reports the different types of income you may receive throughout the year besides the salary reported on your W-2. Here are a few of the different types of...