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What you need to do now to avoid them.

Form 1099 penalties are ridiculously high. What you must do NOW to avoid them.

Implement strong procedures today, don’t wait until year-end. I know the deal, having been a controller for 20 years. You got through the 1099 season and said to yourself, “we can’t spend this much time and do it this way again next year!” But then your attention turns to the annual audit, and then an acquisition, and then a system conversion, and then a staff shortage, and before you know it, January is here again. Your focus turns toward issuing the year-end financials so you

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What is the purpose of Form 1099-MISC?
Form 1099

What is a 1099-MISC form?

The 1099-MISC form is known as an “Information Return” Form 1099  is one of many forms that the IRS requires to be sent to individuals

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What is backup withholding?
Form 1099

What is backup withholding?

Under certain circumstance an entity making payments in the normal course of business to a United States individual or an entity will be required to withhold

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