ETAX1099BLOG

Need to Know about IRS Combined Federal/State (CF/SF) 1099 Filing

There are a few number of selected states that allows the IRS to transmit the 1099 information automatically to them once it is been filed. This service is available only with the electronic filing method. Electronic filing is not simple as emailing to the IRS, it requires the certain process to be completed. Initially, you need to apply and become approved by the IRS to submit the forms to the FIRE system. Who can do combined federal...

The Independent Contractors Pros and Cons

There are numerous benefits while you hire the independent contractors ( ICs), but also there are few drawbacks too. Hence, before hiring an independent contractor you need to assess both the pros and cons so that you get a clear understanding before taking a better decision. Pros of Hiring Independent Contractors  There are many advantages of using independent contractors when compared to normal employees. Save More Money Though most of the employers pay their Independent Contractors per...

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...