Filing 1099-Misc

It’s the end of the year, so it’s time to get all of the tax documents in order. I have hired a few contractors this year, like a DP and a web designer, so I have to file some 1099 Misc. It is actually pretty easy to do, you just have to request for the forms through the IRS website. It takes about one to two weeks for them to be delivered. You can also get an instruction sheet that helps you fill them out properly if it is your first time.http://www.irs.gov/businesses/page/0,,id=23108,00.html

The deadline this year to get copies to your non-employees is February 1, 2011 and the deadline to get them to the IRS is March 1, 2010 or March 31, 2011 if you are filing electronically. So there is still plenty of time to get it done.

Photo by JD Hancock: http://www.flickr.com/photos/jdhancock/3446025121/

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