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    0 Replies Latest reply on Jan 27, 2020 11:28 AM by nationwide68

    Tax Compliance

    nationwide68 Adventurer

      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.