As each year comes to a close, our calendar year-end tax requirements are the focus of our attention. All businesses are required by the Internal Revenue Service to issue various types of timely information reporting documentation regarding the income payments they have disbursed.
Be aware of the many information reporting forms used to identify and distinguish the different income types on 1099s or the additional information reporting documents.
Marcia L. Miller, MBA, EA is President and Owner of Financial Horizons, Inc.
For over 40 years, Marcia has worked in accounting, tax, and management consulting for a practice with an emphasis on representing small business owners in all aspects of taxes, employment & labor issues, pensions, estate planning as well as federal, state (nationwide) and foreign mandatory reporting.
She has been an author, live speaker, and webinar expert for various national companies and accounting organizations at their annual conferences, lecturing on many tax, technical & non-technical topics. She has also presented Tax Legislative Seminars for Thomson Reuters on current business taxation and accounting issues.
As a recognized Thought Leader and Speaker in the World of Information Reporting and commonly referred to as the "1099 Queen", Marcia was appointed to a three-year term, as a Committee Member, to the Internal Revenue Service's Information Reporting Program Advisory Committee (IRPAC).
She received both her MBA and BBA from the University of Miami School of Business.