Deadline Approaching: 1099 Filings
Did you know your business or farm is required to file a Form 1099 for any payments to contractors of $600 or more?
These forms must be filed with the IRS and postmarked to the recipient by 1/31/2022.
You may need to file for the following:
- – Services performed by someone who is not your employee (including parts and materials)
- – Payments to attorneys (including law firms or other providers of legal services)
- – Rent payments
- – Royalty payments
- – Crop Insurance Proceeds