Who gets a 1099, what goes on it, the W-9 you should collect first, backup withholding, bartering income, and the penalties for getting it wrong.
14 guides, each written by a CPA licensed in the US and Canada.
Small businesses must issue 1099-NEC forms to contractors paid $2,000 or more in 2026 ($600 for 2025 payments). Who gets a 1099, the deadline, and the penalties.
Small Business & BookkeepingBusinesses must issue Form 1099-NEC to independent contractors paid $600 or more, and Form 1099-MISC for rent, royalties, and other specified payments.
Small Business & BookkeepingBusinesses must issue 1099-NEC to any non-corporate contractor paid $2,000+ in 2026 ($600+ for 2025 payments). Due date: January 31 (to both the recipient and the IRS).
Small Business & BookkeepingBartering is taxable income at fair market value even when no cash changes hands. How trade exchanges, 1099-B reporting, and SE tax apply.
Small Business & BookkeepingBartering (exchanging goods or services without cash) creates taxable income equal to the fair market value of what is received.
Small Business & BookkeepingThe IRS taxes bartering at fair market value. If you trade services worth $5,000 for goods worth $5,000, you each report $5,000 in income.
Small Business & BookkeepingThe Corporate Transparency Act requires most LLCs and corporations to report their beneficial owners to FinCEN. BOI reporting requirements: 1.
Small Business & BookkeepingOnline sellers on platforms like Amazon FBA, Shopify, Etsy, and eBay face three categories of tax obligations. Covers economic nexus thresholds,.
Small Business & BookkeepingBusinesses must file 1099-NEC for contractors paid $2,000+ in 2026 ($600+ for 2025 payments), 1099-MISC for rent and royalties, and 1099-INT for interest paid.
Small Business & BookkeepingBusinesses must file 1099-NEC for payments of $2,000+ to independent contractors in 2026 ($600+ for 2025 payments). 1099-MISC for rent, royalties, and other payments.
Small Business & BookkeepingA business must issue Form 1099-NEC to any individual or non-corporate entity paid $2,000 or more for services in 2026 ($600 for 2025). The deadline is January 31.
Small Business & BookkeepingBartering, the exchange of goods or services without using cash, is fully taxable under the Internal Revenue Code. Covers key rules, filing requirements,.
Small Business & BookkeepingBartering is fully taxable at fair market value even when no cash changes hands. How small businesses report barter income and avoid IRS penalties.
Small Business & BookkeepingBartered services and goods are fully taxable at fair market value. How to report barter income, handle 1099-B from exchanges, and avoid mistakes.