Before you can determine how to treat payments you make for services, you must first know the business relationship that exists between you and the person performing the services.
In many areas, local governments at the county or township level may have an income tax in addition to the state withholding tax. The amounts of these local taxes vary widely from state to state.
The recently enacted Patient Protection and Affordable Care Act contains several major changes to the Form 1099 reporting requirements which will impose a substantial paperwork and record-keeping b
The IRS recently announced some interesting news relating to the treatment of independent contractors: a voluntary program now provides an opportunity for taxpayers, including exempt organizations,
The IRS will be selecting 500 nonprofit organizations for payroll audits in each of the next three years (as well as a high number of for-profit companies).
