Blog Archives

4 Reasons to Get IRS Form W-9

  1) Two Simple Questions That Taxpayers Will Need to Answer Carefully This Year Two simple questions were added to the income tax returns last year.  These were: “Did you make any payments in 2011 that would require you to


Tagged with: , , , , , , , , , , , , , , , , , , , , , ,

4 Reasons to File Form 1099

1) Payments made to independent contractors. Payments to independent contractors over $600 need to be issued a Form 1099-Miscellaneous.  This form needs to be issued to all unincorporated vendors.  An unincorporated business is one that is a sole proprietorship, partnership


Tagged with: , , , , , , , , , , , , , , , , , , ,

2 Simple Questions That Taxpayers Will Need to Answer Carefully This Year

Do you file a Schedule C, Profit or Loss From Business or Schedule E, Supplemental Income or Loss (From Real Estate or Partnerships)? If so, you will notice there are 2 simple questions that have been added to these forms.


Tagged with: , , , , , , , , , , , , , , , , ,

It’s 1099-Reporting Time Again…

January 31st is the deadline to furnish Form 1099- Misc. to recipients. The 1099-MISC form is used to report more than two dozen types of payments that must be claimed as income by the recipient. This category includes payments made


Tagged with: , , , , , , , , , , , , , , , , , , , , , ,

1099 Reporting Guidelines

January 31, 2011 is the deadline to furnish Form 1099-MISC to recipients.  The 1099-MISC form is used to report more than two dozen types of payments that must be claimed as income by the recipient.  This category includes payments made by


Tagged with: , , , , , , , , , , , , , , , , , , , ,