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Now that the deadline for those filing their taxes electronically is approaching – those filling on paper should have already mailed the forms in by now – employees may be sitting down to complete the dreaded files. But for freelancers and contractors, as well as those that employ them, this is often a bit more complicated.…

For those filing their tax forms electronically – the deadline for paper has officially passed – mistakes and miscalculations can cause penalties and missed deductions, as well as an audit that may only find more issues with tax forms. While it’s important to check everything when filling out tax forms, there are some areas that require…

In the past few years, the IRS has been cracking down especially on tax mistakes for a number of reasons. After the financial recession, many businesses chose to hire freelancers and contractors to avoid paying full-time benefits, causing an increase in the number of 1099 forms sent out, and since many families were struggling with…

Now that tax season is well underway, 1099 and W-2 recipients will be receiving the appropriate tax forms, since most were required to be post-marked by January 31.  However, as with any situation, there are always potential mistakes when it comes to these forms, and two tax experts explain how to correct a 1099 form.…

With tax season among us, both businesses and employees are finding themselves sending and receiving their W-2 and 1099 tax forms. After an Iowa government agency sent out more than 15,000 forms with wrong ID numbers last week and many penalties for tax mistakes have increased, tax season is not the time to procrastinate, and one…

As mentioned last week, there are a number of different tax form errors, both accidental and otherwise, that can add up for a filer, encouraging anyone filing a form to make sure all information is correct. But the Iowa Department of Administrative Services also found that mistakes can be costly when sending forms as well.…