It’s that time of year again, to file your 1099s.
Please be advised the deadline for your 1099 Forms for tax year 2015 is January 31, 2016.
In general the Internal Revenue Service requires any business to file 1099 forms for eligible vendors to whom they have paid $600 or more.
There are negative ramifications for not filing your 1099s. They include but are not limited to:
A disallowance of your deduction
We encourage you to file your 1099s on time and with the correct information.
If you need assistance with your 1099 filings, please contact us.