The Real Cost of Filing 1099s Incorrectly: Penalties, Fees, and Fixes
Most teams think of 1099s as quick year-end paperwork, right up until a small mistake turns into penalty letters and surprise administrative cleanup. The IRS tightened its rules in recent years, including the shift to mandatory electronic filing once a business hits ten information returns. Even tiny inaccuracies travel far once they enter that system. […]
How CPAs Can Streamline Client Workflows With Outsourced 1099 Processing
January always feels packed for CPA firms. Deadlines stack, clients rush in with last-minute questions, and information returns ramp up just as the year-end close begins. The timeline is tight on its own, but the volume makes things tougher. The IRS processed more than 72 million 1099-NEC forms in a recent filing year and over […]