W 9 Form : 10 Most Important Things You Must Know !

w9 form

What is the purpose of the W 9 Form? W-9 Form aptly named as Request for Taxpayer Identification Number and Certification is for collecting basic information about every freelancer or contractor or self employed person’s earning an income from another person or entity. So, you will be asked to submit W-9 form when you are …

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All About 1099s Form?

What is a 1099s form ? 1099 type forms are primarily used for collecting information about payments for various services by various organizations. The reports submitted by the payers to the U.S. Internal Revenue Service (IRS)– as well as additionally with some state tax obligation divisions. A duplicate copy of the information in the prescribed …

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1099 Misc Filing Deadline Approaching . File to Avoid Penalty

Form 1099 Misc

A self-employed person has to pay self employment tax and complete Schedule SE , include payments for services on Schedule C (Form 1040), Profit or Loss From Business (Sole Proprietorship). But before all that one other legal responsibility of self-employed is to send a 1099-MISC to the contractors you paid.So let us start from basics …

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