Effective for the 2019 tax filing year, the due date and the penalties regarding filing of forms 1099 have been changed. Please take note of these changes as the penalties for noncompliance has increased from previous years. If you have any questions, please call or email. firstname.lastname@example.org
Payments made for (not all inclusive):
You are not required to file information return(s) if any of the following situations apply:
We will only prepare these forms at your request. Our minimum charge for preparing 1099 forms is $125.
If you have any questions in regards to the new changes, or the requirements for filing forms 1099, please contact us or visit the IRS website at https://www.irs.gov/businesses/small-businesses-self-employed/am-i-required-to-file-a-form-1099-or-other-information-return?_ga=1.99695767.889001222.1472510926 for additional resources.
Tax & Wealth Management, LLP