1099's For Contractors do I need to file a 1096?
Please be reminded that a business is required to file form 1099 for any contractor to whom who you paid >$600 to in 2013. This includes businesses who you contracted with to do work on your projects/clients.
The IRS is enforcing this requirement with penalties and disallowance of the associated expenses on the tax return.
These forms are due to the IRS 3/31 if filed electronically (we can do this), however they are due to the recipients (your contractor) 1/31 so that they can file their tax returns in March and April.
If you file electronically, you do not need to file a 1096 form like you do with paper returns.
The first step is to ask all said contractors for a w-9 form.
Please refer us to other small business owners complaining about quickbooks, tax returns, or their current accountant!
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