Tag Archives: irs

What is the deadline for 1099-MISC to be sent out? [SOLVED]

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Question: What is the deadline for 1099-MISC to be sent out? Answer: For the 2018 tax year, employers should send the forms out by January 31st, 2019. Reporting payments to contract workers on Form 1099-MISC (box 7, nonemployee compensation) must be filed by Jan. 31. Source IRS.gov Do you have questions or comments related to this answer? If so, feel free to ask in the comments section below! Thank you and have a GREAT day 🙂 Best regards, -Jay D.

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How to get scannable 1099 forms from the IRS

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Do you need a scannable 1099-MISC or similar* tax form from the IRS? *NOTE:  while most tax forms are downloadable, for certain forms the IRS requires a scannable form that must be ordered. Thankfully, the IRS offers a simple service where you can order the forms for free and receive them within ten business days. You can find the order form here: https://www.irs.gov/forms-pubs/order-products It just takes a minute to fill out the order info; then you will get a confirmation like this: After ten business

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How long to file for & receive an EIN online? [SOLVED]

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Q. How long does it take to file for and receive an EIN??? A. Generally, it takes less than 15 minutes to receive an EIN. Here are the details: If you visit the IRS website during normal hours of operation and your principal business is located in the United States: You can complete the process online at the offical IRS website: https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online It takes about 5-10 minutes, after which the IRS will assign you an EIN You will immediately receive your EIN

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Bitcoin tax issues, accounting and bitcoin inheritance

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Bitcoin is one of many “virtual currencies” out there. With its recent rise in popularity it is becoming increasingly more common, however, there are some tax issues that you should be aware of if you are considering purchasing or mining bitcoins: What happens when I sell bitcoins or when I die and my children inherit my bitcoins? The CFO’s Guide to Bitcoin, Part 2: Taxes and Accountinghttp://findaccountingsoftware.com/expert-advice/the-cfos-guide-to-bitcoin-part-2-taxes-and-accounting/These questions don’t always seem to have easy answers. But recent government announcements have

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E-file vs Mailing Taxes – Audit Risk Analysis

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E-file vs Paper filing for federal taxes Being a programmer and attorney, e-filing is not an attractive prospect to me: Every year I strive to be as complete and accurate as possible when filing my taxes. However, as a programmer, it is apparent that e-filing makes it immensely easy for the IRS to instantly run validation, algorithms, and analysis on your return with zero human intervention. Once your data is electronically transmitted to the IRS all of your data can be analyzed in

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Treasury Direct 1099-B

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Recently TreasuryDirect has been posting 1099-B forms in their online tax documents for TIPS holders. These forms can be a bit perplexing for people that never sell their TIPS but rather just hold on to them until maturity. Specifically, TreasuryDirect neglects to include the majority of the information the IRS requests. I have been putting together some notes on how to properly file the 1099-B’s, but for now here are some other resources on the topic: Treasury Direct 1099-Bhttp://www.bogleheads.org/forum/viewtopic.php?f=2&t=90716Treasury Direct

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Get Discover Bank tax documents online (1099 etc.)

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Tax time approaches! If you need a copy of your Discover Bank tax documents, you can find them here: link This is a very handy feature as you can download the tax documents at your convenience. However, I recommend keeping the paper copy in a safe place as well, because sometimes the financial sites go down just when you need them the most. Paper never fails you if you can find it 😉

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Error 109 when applying for an EIN online

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Recently I was applying for an EIN online at the irs.gov website. I was on the very last step and received an error referencing error number 109: I was using the Google Chrome browser the first time I applied, so I switched to Internet Explorer and attempted the application again. This time the application completed successfully. If you are using Chrome and receive a similar error at the end of the application process, I recommend retrying with Internet Explorer. Hopefully that

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