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Aug 2, 2022Everything about Tax Form 1099-NEC
What is Non-Employee Compensation, what to expect from Form 1099-NEC? How Form 1099-MISC and Form 1099-NEC are Different? PriorTax can help
Manisha HansrajJan 11, 2021What is Form 1099-NEC?
For the 2020 tax year, there’s a new income statement. The IRS has introduced a new form called Form 1099-NEC. Whether you’re well versed in reporting your taxes or not, this may be confusing. Typically, your self employment income is reported on box 7 of your 1099-MISC statement. For the 2020 tax year it is […]
Michelle O'BrienNov 13, 2015How to File your First Tax Return
Filing your first tax return is a bit like doing your laundry. You don’t want to do it. You’d prefer someone just did it for you. But if you don’t do it, you know there will be consequences. Unlike laundry, you’ll need to do a bit more sorting, as in sorting through of all those […]
adminSep 17, 2012How to Pay Estimated Tax
The self-employed must make estimated tax payments to the IRS at least four times a year If you’re an employee who earns all of his income in wages or salary, and gets a paycheck with taxes withheld, you can stop reading right now. Tax payments are already made on your behalf and you don’t need […]
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