1099 Filing
1099 Filing Deadlines and Penalties for 2026 (NEC Feb 2, MISC Mar 2/Mar 31, 1042-S Mar 16)
1099-NEC is due February 2, 2026. MISC IRS copy is due March 2 paper or March 31 e-file. 1042-S shifts to March 16.
7 min
Current work
SDO CPA LLC
Experience
18 years of experience
Bobby Huang is a partner at SDO CPA. 18 years of hands-on bookkeeping. He still reconciles real client books and built Growthy from the same review-and-approve work bookkeepers do each week.
Published Articles
1099 Filing Deadlines and Penalties for 2026 (NEC Feb 2, MISC Mar 2/Mar 31, 1042-S Mar 16)
How to File a Corrected 1099 for 2026 (Wrong TIN, Wrong Amount, Wrong Recipient)
1099 Filing
How to File a Corrected 1099 for 2026 (Wrong TIN, Wrong Amount, Wrong Recipient)
Wrong TIN, wrong amount, wrong form, or wrong recipient on a filed 1099? Here is the correction workflow and penalty timing.
7 min
1042-S for Foreign Vendors: When 1099 Does Not Apply (W-8BEN, Section 1441, March 16, 2026 Deadline)
1099 Filing
1042-S for Foreign Vendors: When 1099 Does Not Apply (W-8BEN, Section 1441, March 16, 2026 Deadline)
Foreign vendor payments are not a normal 1099 guess. Use W-8 documentation, source rules, and Form 1042-S when U.S.-source income is paid to a foreign person.
7 min
Month-End Close Process: A Bookkeeper's Workflow Checklist
Bookkeeping Terms Glossary
Month-End Close Process: A Bookkeeper's Workflow Checklist
The month-end close process locks your books in 10 steps. Firms that take 10 days are usually stuck on step 1. Here's the checklist.
10 min
Depreciation Entry: What It Is & How Bookkeepers Record It
Bookkeeping Terms Glossary
Depreciation Entry: What It Is & How Bookkeepers Record It
A depreciation entry debits Depreciation Expense and credits Accumulated Depreciation each month. Workflow, methods, and common gotchas.
8 min
Adjusting Journal Entry: What It Is & How Bookkeepers Use It
Bookkeeping Terms Glossary
Adjusting Journal Entry: What It Is & How Bookkeepers Use It
AJEs fix what the bank feed misses: expenses before cash leaves, revenue before cash arrives, depreciation. Here's how bookkeepers use them.
8 min
Retained Earnings: What It Is & How Bookkeepers Track It
Bookkeeping Terms Glossary
Retained Earnings: What It Is & How Bookkeepers Track It
Retained earnings is cumulative net income minus distributions. It lives in equity, not cash. Formula, year-end close, and three gotchas.
7 min
Prepaid Expense: What It Is & How Bookkeepers Amortize It
Bookkeeping Terms Glossary
Prepaid Expense: What It Is & How Bookkeepers Amortize It
Cash paid before the expense is incurred. Sits on the balance sheet as an asset until monthly AJEs move it to the P&L.
7 min
Cost of Goods Sold (COGS): What It Is & How Bookkeepers Calculate It
Bookkeeping Terms Glossary
Cost of Goods Sold (COGS): What It Is & How Bookkeepers Calculate It
COGS measures the direct cost of products or services sold in a period. Get the formula, worked examples, and common miscoding mistakes bookkeepers fix.
7 min
Accrued Expense: What It Is & How Bookkeepers Record It
Bookkeeping Terms Glossary
Accrued Expense: What It Is & How Bookkeepers Record It
An accrued expense is cost recognized before cash goes out. Here's how bookkeepers book it, reverse it, and avoid the double-count trap.
6 min
Purchase Order (PO): What It Is & When Bookkeepers See It
Bookkeeping Terms Glossary
Purchase Order (PO): What It Is & When Bookkeepers See It
A PO commits the buyer. It's not a bill until the vendor delivers and invoices. Here's what that means for your books.
11 min
Bill Pay: How Bookkeepers Process Vendor Bill Payments
Bookkeeping Terms Glossary
Bill Pay: How Bookkeepers Process Vendor Bill Payments
Bill pay is how vendor bill payments actually get made. Here's how bookkeepers pick a method, what ACH, checks, and wires cost, and what breaks at scale.
12 min
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