If there’s one thing your business can count on, it’s taxes. Given IRS requirements to report any non-wage income on various 1099 forms, Debbie Pflieger, an EY Americas Financial Services Tax Principal, Information Reporting and Withholding Services Leader, joins the show to advise you on important details to include, and how to classify your workers as independent contractors vs. employees. She also reviews recent changes to 1099-K reporting, for anyone receiving more than $600 in third-party online payments (such as PayPal, Square, AirBnB, etc.) in 2022, and what it means for your business. Listen here.
All Things 1099: Understanding Your Tax Reporting Requirements
