Are you a business owner? Did you hire individuals to perform work? Does the contractor perform work for your business? Then you are responsible to issue a 1099

Did you pay an individual of $600 in the prior year? Is the individual an employee? If “No”, then you need to issue a 1099 information return. As

Did you invest in banks or any other financial institutions? Have you earned interest of $10 or more throughout the tax year? Get ready! You’ll receive an IRS

Did you pay contractors using payment cards or third-party networks? Then you need to file Form 1099 K and reporting the transaction made. Before filing make sure to

Have you reported the payments made to contractors on IRS 1099 Tax Form? Do you know why to report the payments? 1099 Forms are basically known as information

Did you hire a contractor to perform services for your business? Have you prepared a 1099 information return? The IRS instructs every business individual to report the payment

Are you choosing to invest in mutual funds? Then you’ll receive income in the form of dividends throughout the tax year. Along with the income, you’ll receive Form

Did you pay an attorney for performing legal services in the tax year 2020? Do the payments exceed $600? Then you need to report the payments on a

Have you hired an individual to perform services on business? Did you collect the W-9 Form from them? If your answer is “No”, then you need to request

Did you receive an incorrect Form 1099? Have you requested the payer to issue a correct 1099 Form? If the payer fails to do so, then the IRS