Congress makes you help the IRS do its job by requiring you to report your workers’ income to the government. For employees, it’s pretty straightforward—you file a W-2 for each employee.
For independent contractors, the rules are more complex. And with recent passage of the Path act, lawmakers made compliance harder by moving up the deadlines to file W-2s and certain 1099s.
We will show you whether the new deadlines apply to you and give you proactive strategies to minimize the number of 1099s you have to file, thus making it easier to comply with the new law.
And we will tell you about a new rule that can help big-time if you make small errors on your W-2s or 1099s. ... Log in to view full article.