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Video instructions and help with filling out and completing 1099 MISC 2023 vs. Form 1099-div

Instructions and Help about 1099 MISC 2023 vs. Form 1099-div

Welcome to one more interesting episode from peoplesoft channel my name is sivak hoya today we will discuss 1099 forms specifically the most popular forms generated by companies every year using peoplesoft system which are 1099 non-employee compensation forms as well as 1099 miscellaneous forms my agenda for today is to give you an idea what are these 1099 forms who should receive it and most importantly i will show you step by step how to generate these 1099 forms out of the box from peoplesoft system since now you know what's coming let's not waste any more time and jump into it before i talk about 1099 forms let's discuss about something we all are aware of if you are an employee of a company i am sure you would have received w2 showing you how much money your company paid you a salary your company also submits the same information to irs so that government can track if you are paying taxes properly what about the money that your company paid to non-employees like external consultants landlords etc that's when 1099 will come into play the same concept the only difference is your company this time issues 1099 forms to the non-employees just like w2s the same 1099 information will be submitted to irs so that they can track if suppliers are paying their taxes properly there are a lot of similarities one of them is the deadline for companies to submit their w2 information as well as 1099 nac and 1099 misc information to irs is the same date january 31st if you don't know there are several types of 1099 forms for example if you received dividends from your stocks you would have received 1099 div form or if you earned any interest from your savings...