Do I need to file Form W-9 for 1099-MISC

Do I need to file Form W-9 for 1099-MISC?

Do I need to file Form W-9 for 1099-MISC? If you earned self-employed income as a freelancer or a contractor, the payer needs your taxpayer identification number so that you can be furnished with Form 1099-MISC. This can be either a Social Security Number or an Individual Taxpayer Identification Number. Without a valid taxpayer identification …

Form I-9 Documents List - Identity and Work Authorization

Form I-9 Documents List – Identity and Work Authorization

Form I-9 – Employment Eligibility Verification is the document that USCIS requires employees to fill out to verify their identity and authorization to work in the United States. All employees whether they are a U.S citizen, U.S national, or U.S resident alien are mandated to file this form. An employee who started working must file …

How to verify an employee's Social Security Number

How to verify an employee’s Social Security Number?

How to verify employee Social Security Numbers? If you’re an employer that has employees working for the business you owe, you can get much use of the tools offered by the Social Security Administration. You can verify employee Social Security Numbers using the SSA’s Business Services Online. This is good for employers to handle many …

IRA Deduction MAGI Limit - Single and Married

IRA Deduction MAGI Limit – Single and Married

The Individual Retirement Accounts, commonly known as IRAs grant the taxpayers who contribute to a traditional or other qualifying plan a tax deduction for their contributions. This isn’t a deduction like the qualifying medical expenses though. You can claim the IRA deduction using Schedule 1 – Additional Income and Adjustments to Income. So you don’t …

Payroll Tax Rate 2021Social Security, Medicare, Income Tax

Payroll Tax Rate 2021|Social Security, Medicare, Income Tax

Employers are required to withhold taxes from the employees’ income to pay different taxes. The taxes are taken out of the employee’s income when processing payroll is known as the payroll taxes and there is more than one kind of payroll tax. We can put the payroll taxes in two different categories: FICA taxes and …