Form 1099 from the IRS is used for reporting income received by independent contractors, freelance workers, and also used to report other forms of miscellaneous income. The 1099 form is used for non-employee income reporting as opposed to the W-2 form used to report employee wages. If any federal income tax has been withheld under ...
Recognizing and Avoiding Phishing Attacks Typically, phishing involves an email purporting to be from some legitimate agency, like a bank, investment firm, lottery commission, or the IRS. These emails will request information, often directing the user to a bogus web site. Such sites in turn will resemble the agencies’ real web sites. That’s why it ...
The Fair Credit Reporting Act (FCRA) was “designed to promote accuracy, fairness, and privacy of information in the files of every consumer reporting agency”. So what does that mean to you? Well every credit reporting agency gathers and sells files of information about you and if that information is incorrect it can hurt your personal ...
Court reporting is a career in demand and with strong employment opportunities. With high demand, flexible hours, and an above average salary. This career path would be a good choice for someone starting out, or looking to make a career change. It typically takes between two and four years to earn an associate’s degree and ...
New federal requirements for cost basis tax reporting enacted in October 2008 require intermediaries to submit accurate and timely cost basis information to investors and the IRS. The change is the result of a government effort to end under and over reporting of capital gains and losses, while raising revenue to support The Emergency Economic ...
If you are the sole proprietor of a business and you file Schedule C with your federal income tax return, you will notice a new line on the schedule starting in 2011. In Part I, line 1a is for “Merchant card and third party payments”. It also indicates that you should enter -0- for 2011. ...
