Time is ticking to file your 1099 forms, which must be postmarked today to make deadline. One of the most notable of the forms is the 1099-MISC, needed when you pay your contractors more than $600 for the year. If you haven’t filed yet, use tax software and get your forms ready to go, then submit electronically. Take the time to do it right, however, as revised 1099s are extremely inconvenient, especially for contractors who have already filed their taxes using your original form. Alternatively, online filing services such as FileTaxes.com can get the forms out for you.
Have Contractors? 1099s Are Due Today
January 31, 2012
