As this New Year begins, it is important for all business owners/ employers to prepare and issue 1099s to the recipients, and file with IRS.
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The 1099 tax form, referred to as “Information Return, by IRS” should be sent by the company to the independent contractors if it paid more than $600 to them during the year.The January 31st deadline only applies to Form 1099-MISC with an amount in box 7, Nonemployee Compensation.⠀⠀
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If you need help filing contact us.