Today is February 2nd 2010 and is you are a business required to file 1099's and you have not sent them out. You are late.
Get them done quickly and out the door.
Some tips.
During the year be sure to collect W-9s and W-8s so you do not have to withhold taxes and make the 1099 process much easier. Also make a rule that you do not pay without a W-9 (Domestic US) or W-8 (Foreign) in hand.
Spell the name on the form exactly right. (I once had a form rejected due to the capitalization of the Company MunGo!
Wednesday, February 3, 2010
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