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Small business owners, independent contractors and gig workers soon will be getting 1099-K tax forms if they used any payment platform on which they had at least $5,000 in business transactions in ...
Streamline tax season by deciding how you will complete and send 1099s to your contractors.
Continue reading → The post Small Business Tax Deadlines for 2023 appeared first on SmartAsset Blog. For most Americans, tax day comes once per year. ... If you own a business, you have to file ...
However, last year, the IRS pushed back the deadline for filing 2021 tax returns and for paying taxes owed because of the Emancipation Day holiday in Washington, D.C.
The ubiquity of the form has also led to use of the phrase "1099 workers" or "the 1099 economy" to refer to the independent contractors themselves. [3] In 2011 the requirement was extended by the Small Business Jobs Act of 2010 to payments made by persons who receive income from rental property.
If you're an independent contractor, you'll file your taxes in a different way than people who are employees. Find out about deductions and more. Independent Contractor Taxes: A Complete Guide
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