Do you know how the IRS defines which workers need a 1099? Do you know how to file them? Do you know what the penalties are for filing late or for ignoring them? If you're not on our newsletter list, here's what you missed.
1099s are to be postmarked by January 31st if mailing or submitted by January 27th if you are e-filing.
Why do I have to file a 1099 MISC?
The IRS requires businesses to send out Form 1099 MISC to small businesses or independent contractors to whom you paid $600 or more for services in the calendar year. You must send one to anyone you paid for services if…