To run your business, you need a taxpayer identification number. So, what is a taxpayer identification number?| Patriot Software
Business owners that report nonemployee compensation must use the revived Form 1099-NEC. Learn about your Form 1099-NEC responsibilities.| Patriot Software
Information about Form 945, Annual Return of Withheld Federal Income Tax, including recent updates, related forms and instructions on how to file. Use Form 945 to report withheld federal income tax from nonpayroll payments.| www.irs.gov
The IRS will contact the taxpayer (payee) if they fail to report or fully report, on their federal income tax return, the correct amount of interest and dividend income on their federal income tax return.| www.irs.gov
Find out what to do if you become subject to a backup withholding "B" program due to a payee failing to furnish their correct taxpayer identification number.| www.irs.gov
If you hire independent contractors, have them fill out Form W-9. Check out this article to learn what is IRS Form W-9.| Patriot Software
How do you get an Employer Identification Number (EIN) from the IRS? This article breaks down how to apply for EIN.| Patriot Software
Find out what payments are subject to and exempt from backup withholding and how to prevent or stop it.| www.irs.gov
Affordable, easy-to-use, yet powerful accounting software for businesses. Use Patriot's online accounting software to support your business today!| Patriot Software