In general, all businesses that pay any individual or non-corporate entity performing services in the U.S. $600 or more during a year, are required to file a Form 1099-MISC with the Internal Revenue Service…
In the 21st century, less and less checks are being written and more and more payments are being made electronically.
By enrolling for the Electronic Federal Tax Payment System (EFTPS), businesses and individuals can set Federal tax payments to be direct debited instead…