Don’t Let “Naked” Expenses Cost You During an IRS Audit When it comes to IRS audits, one of the most common reasons taxpayers lose out on deductions is simple but avoidable: lack of documentation. You might think that a bank or credit card statement is enough to prove business expenses, but the IRS sees […]
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1099 Forms vs W-9 Forms Whether you’re a freelancer reveling in the freedom of gig work, a small business owner juggling multiple hats, or just someone trying to make sense of tax season, understanding 1099 Forms vs W-9 Forms is crucial. In our article, we want to break down the key differences. 1099 Forms 1099
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New changes in 1099-K you need to know Does your business accept payments via credit or debit cards? If you have accepted credit card payments online, you may have to report these payments from credit card or third-party processors on a Form 1099-K What is the Form 1099-K? A 1099-K is a tax form that
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