The end of the year means many reporting responsibilities for employers. You must generate W-2s for employees and 1099-NECs for contractors. It is important to correctly classify your workers to avoid ...
Making a certain amount of cash from pursuing a passion or by having your own side gig means you owe taxes, according to the Internal Revenue Service, but you won’t receive a W-2 form as you would ...
When KPERS mailed about 120,000 income tax forms to retirees, they got delayed at the USPS distribution center in Kansas City.
Small-business owners commonly make or receive payments that must be reported to the Internal Revenue Service. Many of these payments are reported using Form 1099-MISC. To fill out this form, though, ...
If you pay a service provider to perform at least $600 of work for your business during a calendar year, you need to send Internal Revenue Service Form 1099-Misc to that provider before Jan. 31 the ...
Nobody becomes a business owner because they love all the paperwork. When tax season begins, though, extra paperwork is often a necessity. Along with your W-2 forms for employees, you may have to send ...