Yearly Archives: 2013

1099-MISC for 2013

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Businesses must provide a Form 1099-MISC to recipients by January 31, 2014. The due date for providing Form 1099-MISC to recipients if amounts are reported in boxes 8 and 14 is extended to February 15, 2013. Businesses must also send Copies A of all paper Forms 1099-MISC and a Form 1096, a summary of 1099 forms, to the Internal Revenue Service (IRS) by February 28, 2013 (or...
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Benefit of Hiring a W-2 vs 1099 Contractor for the Same Job

Recently, this question appeared on LinkedIn: What’s the benefit of hiring a W2 versus hiring a 1099 consultant for the same job? I’m interested in your opinion when comparing a W2 to a 1099 hire. Thanks. This is the answer that was given: I can’t think of a reason to put someone on W2 instead of a 1099. If the need is for a permanent, full time position, then W2 is generally the way to go. If the...
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1099-MISC Deadlines for 2013 Reporting

2013 1099-MISC Filing Deadlines
Here are the dates for paper and electronic filing for 1099-MISC forms for 2013. If you need help filing check out these IRS Approved Vendors.  WageFiling or EfilingPlus
All 1099-MISC recipients must have their forms in hand by January 31, 2014.
The due date is extended to February 18, 2014, if you...
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W-2 Employee or 1099-MISC Contractor?

A question business owners have each year when it comes time to file 1099-MISC forms is who get's one? Who falls under the guideline of an employee that gets a W-2 vs a 1099-MISC? Hopefully this explanation will help! An employee is a person who works in the service of a company under an expressed or implied contract of hire, under which the employer has the right to control the details of work performance. Which really...
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