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The IRS penalty for not filing 1099s on time is $100 per form, with a maximum penalty of $500,000 per year. The penalty is assessed per...

This is a new requirement that will go into effect starting in Jan 2023, and the filings are due Jan 31. The IRS has stated the goal of...

The IRS requires that all 1099 forms be filed electronically in 2023. This requirement is in place to ensure the accuracy and timeliness...

1099-NEC is now a required IRS form for reporting non-employee compensation. This information used to be included on the 1099-MISC form,...