February 2 is deadline for 1099 reporting
Form 1099s must be filed by businesses each
year. This year the deadline for filing falls on February 2, though electronic
filers have until March 31 to file. The most common form for businesses is
probably Form 1099-MISC, used to report miscellaneous payments to non employees.
This includes fees for services paid to independent contractors, such as
consultants, lawyers, cleaning services, and others. Generally, you don't
report fees paid to corporations, but there are exceptions (payments to
lawyers, for example).
For details or filing assistance, contact
our office.
No comments:
Post a Comment