Independent Contractors
Wednesday, January 27, 2016
It’s that time of year again. The IRS wants to hear from you. If own a business that employs independent contractors, 1099’s must be filed on a timely basis and the deadline is approaching. A 1099 must be filed for every independent contractor that the business pays $600 or more for the calendar year to avoid penalties. The due date for mailing the recipient his copy is February 1, 2016. The due date for filing the IRS copy is February 28, 2016. Tax Preparation South Florida