Living in Tampa offers tropical weather, affordable living, and gorgeous beaches. The weather is warm and sunny year-round, rarely dropping below 60°F, and has warmer ocean water than other Florida cities. Whether you jump aboard a Caribbean cruise ship, watch the Tampa Bay Buccaneers play, or go to the Tampa Theater, there’s an endless amount of things to do. Tampa’s job market is growing faster than the national average, giving people irresistible job opportunities. Their job market paired with affordable housing makes it a great city to start a business!
When it comes to 1099 tax filing in Tampa, you may wonder, who needs to file these forms? Most taxpayers don’t know much about them, but they’re commonly used forms. There are a couple of different variations, such as 1099-MISC, 1099-S, 1099-DIV, 1099-NEC, etc. The different variations are to report types of income other than what gets reported on the W-2. For example, if you’ve been paid at least $600 from services, prizes, awards, rents, or anything other than regular income, you use Form 1099-MISC to report it. They are common for self-employment, interest, government payments, and so on. Here are some of the scenarios where 1099 forms are needed.
- Interest & dividends
- Independent contractors
- Government payments
- Withdrawals from retirement accounts
- Debt cancellations
- Rental property
- Prized & awards
We all know tax season can be a stressful time, so we’ll ensure that everything is submitted accurately and on time. On top of this, we understand how the system works to help you save the most amount of money! If you need help with your 1099 tax filing in Tampa, we’re happy to help! You can schedule a consultation on our website.
