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Common Errors to Avoid in 1099 Filing – Expanded

Ensuring Accuracy and Compliance: Preventing Penalties and Minimizing Tax Risks Filing Form 1099 correctly is critical for businesses, freelancers, and independent contractors to ensure compliance with IRS regulations. Mistakes in 1099 filing can result in penalties for both the payer

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October 23, 2024 No Comments
Tax blog
iFind Taxpro

Tax Implications of Hiring Employees vs. Independent Contractors

Understanding the Differences and Making Informed Decisions When expanding your business and bringing on additional help, it’s essential to understand the tax implications of hiring employees versus independent contractors. The classification of workers has significant tax and legal ramifications, affecting

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July 20, 2023 No Comments
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