2020 Instructions for Forms 1099-MISC and 1099-NEC Miscellaneous Income and Nonemployee Compensation The IRS has released the 2020 Instructions for Forms 1099-MISC (Miscellaneous Income) and 1099-NEC (Nonemployee Compensation). The 2020 Form 1099-MISC and Form...
Innovative Strategies For Winning Tax Controversies, Business Structuring And Estate Planning
1099
New 1099 Reporting for Businesses
SMALL BUSINESSES: GET READY FOR YOUR 1099-MISC REPORTING REQUIREMENTS A month after the new year begins, your business may be required to comply with rules to report amounts paid to independent contractors, vendors, and others. You may have to send 1099-MISC forms to...
Is cash for keys cancellation of debt income?
When a house is foreclosed, or there is a deed in lieu of foreclosure, some mortgage companies make a deal with the owner or tenant. Usually the deal works like this: the owner agrees to leave the property on a certain date and broom swept condition without taking any...
