Businesses who pay freelancers, or that run affiliate programs or multi-vendor marketplaces likely need to file additional forms at the end of the year. The problem is that many small business owners are unaware that they need to file these forms, or what forms need to be filed.
This talk will cover what information a business needs to collect from a contractor, which forms need to be filed, under which circumstances they need to be filed, and when they need to be filed in order to avoid costly penalties from the IRS.
This talk is relevant to US tax law and is perfect for any business that is subject to US tax law and makes payments to non-employees.