Teri Kaye, Partner Daszkal Bolton
Teri Kaye, Partner at Daszkal Bolton has authored a white paper offering an overview of the changes and requirements involved with preparing Form 1099-Miscellaneous Income (1099-MISC).The Internal Revenue Service (IRS) requires the 1099-MISC form be issued by businesses, regardless of size, to report certain payments made to non-corporate payees. Most often, the form is used for independent contractors, but there are other applications as well.
The deadline to provide the recipient a copy of Form 1099-MISC will be January 31, 2014.
Completing this form can be an arduous task for many. This white paper explores a number of exceptions to make this process easier to understand and undertake.
Included in this white paper is the 20 factor test. This 20 point checklist offers businesses with a step-by-step to process to classify employees properly in order to understand whether these individuals should receive a W2 or a 1099-MISC.
You can access the full white paper via the firm's website by clicking here
Teri Kaye is a Partner in the Tax Services Department and is based in the Fort Lauderdale office Daszkal Bolton, a accounting and advisory services firm. With over twenty years in public accounting, Teri is responsible for managing the tax planning and compliance needs of high net worth individuals, as well as emerging and small to mid-size companies. Teri also has significant experience in State & Local Tax (SALT) and International Tax (inbound/outbound) matters.
Teri received her Bachelor of Science degree and Master of Science degree in Accounting from the University of Florida. She is a member of the American Institute of Certified Public Accountants and the Florida Institute of Certified Public Accountants. Teri is licensed as a Certified Public Accountant through the State of Florida.