If you are a business and you pay contract labor, you must issue the contractor a Form 1099-NEC if: The amount you paid to the contractor is $600 or more for the year, and The contractor isn’t taxed as a corporation. If you pay with a credit or debit card, or via a third-party processor […]
Last year I posted a few little stories about Form 1099-K, and suddenly people from all over the internet came out of the woodwork, e-mailing me with questions. Some people wrote paragraph after paragraph after paragraph, telling me waaaayyyy too much information about their financial situation and asking me for help on what to do […]
Questions about Form 1099-K won’t go away. Indeed, even though I caution in numerous places on my website that I can’t personally provide specific tax advice by e-mail, I continue to get e-mails from people wondering what to do with the 1099-K they received. Let me start by saying that I am no expert on […]
This story is for the do-it-yourselfers who have stumbled onto my site, searching for information about Form 1099-K. I am linking all of my stories about 1099-K to this post. Please read this post before you send me an e-mail about Form 1099-K. First of all, welcome to my site. I am glad you came here. […]
DISCLAIMER: The answers to questions in this segment are intended to be general in nature and do NOT constitute tax advice. Please contact a tax advisor to discuss your unique situation. Q: I have a business account with an associated merchants card account. In the past I have done business with entities that only […]
Have a tax question burning in your mind? E-mail me at dinesentax@gmail.com. (Ask Jason has been discontinued) DISCLAIMER: The answers to questions in this segment are intended to be general in nature and do NOT constitute tax advice. Please contact a tax advisor to discuss your unique situation. Q: My mother had an IRA […]
