How to File 1099s

How to File 1099s

podcast tax Jan 12, 2023

We're wrapping up our 1099 series with how to file them! I'm sharing a trade secret with you; these are actually ridiculously easy and cheap to file.

It's relatively easy to do, it can just be tedious work. If your tax pro doesn't like filing them, they'll likely charge you more for them when you may be able to get them filed cheaper elsewhere. Additionally, make sure you know who's filing them, sometimes tax pros handle it, and sometimes accountants handle it but on occasion, each assumes the other is doing it. So you want to be sure that someone is getting them filed!

Check out Shannon's preferred e-file 1099 service: www.efile4biz.com/

 

"It's never too late to start - take action today and rectify any mistakes you may have made in the past."

 

What you'll hear in this episode:

  • How to file the 1099s.
  • How to file your taxes online
  • The best thing you can do is act as soon as you know it is your responsibility.

 

Here are some brief snippets from this episode:

[00:00:49]
This is the last episode of a short series on 1099 reporting. These are ridiculously easy to file, and accountants don't like doing them. You can expect to pay eight to $10 per form per if you need to file four of them.

[00:03:41]
If you don't file your 1099s, so what happens is you can get a penalty. You could kind of do most of the work yourself. If you have a bookkeeper and a tax pro, pay them what they're worth. I would love to answer any questions about this episode.

 

Related episodes:

160. How to Manage a Business with Multiple Owners with Jeremy Wells, CPA, EA

183. Is it Too Late to Elect the S Corp?

190. Live Q&A: Deducting Startup Costs in a New Business

 

Resources:

Find everything you need at www.keepwhatyouearn.com! https://www.keepwhatyouearn.com/

Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa

Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so

Hire us: https://www.fitnancialsolutions.com/accounting

See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator

Find me on IG @shannonkweinstein

Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html

 

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

 

Key Words:
file, 1099, contractor, deadline, accountants, pay, penalty, business owners, tax, podcast, bookkeeper, biz, check, answer, irs