There are two main types of workers when it comes to income taxes — 1099 contractors and W-2 employees. While W-2 employees are considered direct employees of a business, 1099 employees typically ...

Why It’s Crucial to Classify Your Employees Correctly (1099 Contractors vs. W-2 Employees) Your email has been sent Understand the key differences between 1099 contractors and W-2 employees to ...

From ride-sharing apps to the rise of mobile delivery services, many Americans have turned to the gig economy to earn extra money. Currently, 36% of employed individuals are independent workers, and ...

Several years ago, as a solopreneur, I did my taxes two ways using TurboTax software. The first was my legitimate tax return that showed I was paid on a 1099 basis. In other words, I had received 1099 ...

The Internal Revenue Service (IRS) requires employers and employees alike to use specific tax forms to accurately record ...

Employers need to revisit how they identify independent contractors in light of the U.S. Department of Labor's proposed rule on employee classification, which will rescind its 2021 rule. Although RIN ...

So, I receive a vehicle allowance in my current job, which is pretty common in this position (construction project manager) . At this company, I receive the allowance, untaxed, as a separate check ...

I'm switching jobs, as the position I started in January turned out to be a horrible fit for me.<BR><BR>I've got several companies that I am interviewing with, with a strong likely hood of having ...

ROCK HILL, SC / ACCESSWIRE / January 7, 2025 / Tax season has arrived, and TaxBandits is prepared to simplify year-end filings for businesses, accountants, and tax professionals nationwide. As a ...

With advanced features and reliable compliance tools, TaxBandits simplifies filings for 1099, W-2, 940, 941, and ACA forms, empowering tax professionals to navigate the year-end tax season with ...

IRS reminds employers that implementing certain optional retirement plan provisions of SECURE 2.0 affect Form W‑2 and Form 1099‑R reporting starting in 2023 The IRS recently issued Fact Sheet 2024‑18 ...