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Don’t Forget to File Forms 1099 & 1096

form 1099-misc

This article is original content written by Thomas Scanlon, CPA, CFP® of Manchester, CT. The IRS requires business taxpayers to report amounts paid as non-employee compensation on Form 1099-NEC.   The non-employee compensation will be reported in box one of


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6 Easy Steps to Work With Your CPA

hand holding pen over 1040 form

1. Sign the Work Authorization and complete the Tax Organizer In order to hire a CPA, you will need to authorize the work. This is done by signing the so-called engagement letter. This establishes the scope of the services to


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Why You Need Form W-9 Now to Complete Form 1099 Later

1099 Filing Requirements Businesses have a responsibility to file Form 1099-MISC to all unincorporated businesses that they pay more than $600 to annually.  An unincorporated business is a sole-proprietorship, partnership or a Limited Liability Company (“LLC”).  In addition to having


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