End of Year Tax Filings: Form 1099-MISC
By Glenna Mae Hendricks, E.A.
The first of the year is very fast approaching. This means it is very important for all business owners to start gathering the information needed to file Form 1099-MISC for each sub-contractor who has been commissioned to do work for you and who you paid more than $600 total for the entire year.
The IRS has all the particulars of what is required to file and exactly what they expect to see in each box on the 1099.
Now, for the easy part: FileTaxes.com has a shiny, new, free iPhone app that can be used to file from your phone, import contacts & track the status of your filings.
- About the Author
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Glenna Mae Hendricks. She is an entrepreneur and income tax consultant, so we get lots of good tax tips from her. She is an oenophile (“look that up in your Funk and Wagnall’s,” she says), and a wine enjoyment teacher/guide who also writes wine notes at the Allen’s Retail Liquors site. Her political thoughts (and occasional outbursts of domesticity) appear at Old Feminist and Wild-eyed Liberal.
Though filing the taxes is important but a headache as well. The info given is really helpful and makes the life easy of tax-filers. This is highly recommended for small entrepreneurs especially those who are few in numbers to take care of the entire organization.