Understanding Payroll and 1099 Forms
A new year brings important payroll and 1099 reporting responsibilities for business owners. Read more for some key reminders and checklists to assist with year-end reporting.
1099 – MISC Reporting
Your business is generally required to issue Form 1099-MISC to all unincorporated service providers to whom it pays $600 or more during the calendar year. Unincorporated service providers include sole proprietors, partnerships, and LLCs not electing to be taxed as a C Corporation or S Corporation.