As we cruise into 2024, understanding the intricacies of the Internal Revenue Service's (IRS) updated mileage rates is more crucial than ever for both individuals and businesses.

In a pivotal move that has garnered attention across the financial sector, the IRS recently announced a delay in the implementation of the SECURE 2.0 Act rule.

Much like any other IRS document related to taxes, it is important for employers to collect W-9 forms from vendors in order to accurately report taxes and remain compliant with the law.

Early this year, the Internal Revenue Service issued its updated standard mileage rates for 2023. Learn more about it here.

In this article, we'll go over what a 1099 employee is, how to determine if they are one, and what that classification means for employees and businesses.