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 businesses as fees to attorneys, service providers, and freelancers. Other types of payments covered by the 1099-MISC include reimbursement for auto expenses, awards and bonuses, commissions, prizes, and vacation allowances for nonemployees. A payer of rents and royalties must also file this tax document. more…
Category: Tax News
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Tags: Accountant, Architect, Attorney, Connecticut, Contractor, Corporation, CT, Employee, Form 1096, Form 1099, Form W-9, Independent Contractor, IRS, Labor Department, Limited Liability Company, LLC, Nonemployee Compensation, Partnership, Penalty, Rent, Subcontractor |
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January 31, 2010 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. more…
Category: Tax News
|
Tags: Accountant, Architects, Attorney, Connecticut, Contractors, Employee, Form 1096, Form 1099, Form 1099-MISC, Form W-9, Independent Contractors, IRS, Labor Department, Partnership, Penalty, Rent, Royalties, Single Member LLC |
29 Comments