Understanding the Form 1099-Misc

The IRS 1099 Misc form needs to be filled out if you have certain, specific types of what is called miscellaneous payments to non-employees, like independent contractors.

Monday, 30 September 2013

How to Handle Truck Registrations When Filing Form 2290?

It is extremely important for owner-operators of heavy highway trucks to file their IRS tax form 2290. Most states will not let you register a heavy highway truck if the taxes on that vehicle have not been paid in full. The overdue balance is also subject to high interest rates, fees, and criminal imprisonment. The Federal government is very serious about finding out whether or not your form 2290 has been filed. You will not be issued a new registration if...

Friday, 6 September 2013

Understanding the Form 1099-Misc

The IRS 1099 Misc form needs to be filled out if you have certain, specific types of what is called miscellaneous payments to non-employees, like independent contractors. It also covers payments you make for certain types of business transactions where a middleman is involved. The form is filled out by the person making payments to you and must be included when you file your income taxes in April. When to Use the IRS 1099 Misc? If you have paid...