The IRS requires any person or company that PAYS more than $600 per year to an individual or company
to issue them a 1099 non-employee or W-2 if there are an employee. The deadline for this is January 31.
They are hefty fines for persons or companies who don't comply.
I also suggest that you make sure you receive all your 1099 Miso before filing your Tax Returns.
One on the ways the IRS choose to Audit a taxpayer is when they have un-reported income.
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