Answers

Answer

How Do I Refute/Dispute”Nonemployee Compensation” on a 1099 I received?

To correct a 1099, you would typically sent a copy of the 1099 with your filing, correcting the information such as “non employee compensation.” There’s a checkbox at the top that says “CORRECTED”, indicating that this is a corrected version of an existing filing. You can see the form here. It’s recommended to also make

How Do I Refute/Dispute”Nonemployee Compensation” on a 1099 I received? Read More »

Property sale

1) You need to learn the tax code and understand why it is or isn’t taxable. Join the mailing list for some information on that. 2) If someone files a 1099, like a broker or realtor, and you believe that this was done in error, you will need to notify the IRS as such when

Property sale Read More »

LLC corporation

Whether or not a business or organization is an LLC doesn’t really determine whether it has to pay taxes. Whether it’s owned by a citizen or not doesn’t either. First, consider what you mean by citizen. Title 26 has a different definition of citizen than the rest of the US code. According to immigration and

LLC corporation Read More »