Minimizing Your Taxes and Managing Your Complex Affairs

Tax Tips, Finance Tips, Fun Events

Tips for Individuals, Businesses and Charities. Fun Events.

REMINDER: Form 1099s due January 31

As a reminder, organizations (including nonprofits) are required to issue W2 to employees and 1099s to service providers (such as landlords, independent contractors, bookkeepers, attorneys and CPAs) by January 31

 

Note: Attorneys should always be sent a 1099 even if they are incorporated

 

if you file 10 or more information returns of any kind (W2, 1099) they must be filed electronically. (So you may not be able to complete a 1099 on the special red paper anymore.)

 

If you need my assistance in preparing 1099s please let me know.

Richard Pon CPA, CFP