a Quick Reminder that 1099 reporting due in January.

Nearly every company, large or small, has to file Form 1099-MISC with the IRS and send a copy to recipients by January 31, 2014.

You use Form 1099-MISC 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).

Reminder! If you have a rental property and pay a contractor, such as a landscaper or pool cleaner... they are now required to be issued a 1099 or your deduction may be jeopardized.

For details or filing assistance, contact our office.