What we’ll cover:

🚧 Contractors vs Employees Dive into IRS guidelines, deciphering the distinctions between contractors and employees. Stress the vital need for accurate classification to steer clear of fines and penalties.

💼 Contractor 101 Uncover surprising insights into contractor qualifications, reshaping your understanding of this crucial distinction.

📑 W-9 Form 101 Navigate W-9 forms with precision through our step-by-step guide. Ensure clarity in receiving and collecting correctly filled W-9 forms, addressing compliance intricacies.

📑 1099 Form 101 Explore the myriad of 1099 forms and their distinctions. Walk through filing requirements, gaining a clear understanding of when and how to file.

🛠️ Handling Common Issues Tackle challenges like unobtainable W-9s or contractor refusals. Skillfully navigate the 24% backup tax withholding rules for contractors.

🔄 Navigating 1099-K Changes Stay updated on 2024 tax law changes related to Form 1099-K. Equip yourself with the knowledge to track and comply accurately.

📂 Step-by-Step 1099 Filing Walkthrough Embark on a guided session for electronically filing your 1099 forms. Ensure a seamless process with detailed instructions.

🔐 Resource Access Gain exclusive access to templates and request letters for W-9 forms. Access blanks of all tax forms and referenced IRS publications.

📈 Best Practices for Ongoing Compliance Review essential best practices to uphold consistent compliance. Ensure you're well-equipped to handle future challenges effectively.