What is the penalty for not filing a 1099?
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...
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developer2096
Dec 15, 20221 min
The IRS will require 1099 filings for all transactions you made over $600 in 2022
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...
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developer2096
Dec 6, 20221 min
IRS requires electronic filing of 1099s for 2022 tax year
The IRS requires that all 1099 forms be filed electronically in 2023. This requirement is in place to ensure the accuracy and timeliness...
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developer2096
Jan 3, 20221 min
New IRS requirements for 1099-NEC and 1099-MISC
1099-NEC is now a required IRS form for reporting non-employee compensation. This information used to be included on the 1099-MISC form,...
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