The 1099 due date is January 31st (Feb 1st this year since 1/31 falls on a Sunday).

If you are self employed or are an independent contractor then instead of a W-2, you may receive a 1099-MISC showing payments you received for services performed.

Alternatively, if you paid someone to perform services for your business, you may need to issue a form 1099 for them. Basically, you must prepare a 1099-MISC if you paid $600 or more to an individual to perform services...

Hey bloggers, affiliate marketers, VAs, and other online biz owners...

* Do you worry that you’re paying too much in income taxes?
* Do you worry that you’re not getting all of the deductions you’re entitled to?
* Do you want to learn how to pay fewer taxes and keep more of your profits?

If you're making money online, you have to report and pay taxes on that income. Uncle Sam is really cracking down on people who earn income online, so you need to learn...

It’s hard to believe we’re almost at the end of the year already. As I write this, there are only a few weeks left in 2008.

Most people probably aren’t thinking about taxes yet, but the time to do tax planning is before the year ends. Once December 31 has passed, there’s very little you can do to help reduce your 2008 taxes.

The first step in tax planning is to determine where you are for the year. Pull out last year’s tax return for a reference. You also need your...

Self employed taxpayers get the honor of paying the self employment tax on top of their regular income tax. This can be quite a burden, especially for new business owners.

There has been some indication that there will be tax relief for small business owners in President-Elect Obama’s new tax plan.

So how will the new tax plan affect you, as a self employed individual (or couple)?

According to BarackObama.com, the new tax plan will include:
...

Buried deep in the housing act that was just passed is a provision that requires credit card processors - including companies like eBay and PayPal - to report annual gross receipts of it’s merchants to the IRS.

Credit card processors will be required to file Form 1099 for each merchant that has at least $10,000 in gross sales and 200 transactions.

Companies have until 2011 to comply with this new law.

The purpose of this new law is to raise revenue for...