If you use independent contractors to perform services for your business and you pay them $600 or more for the year, you are required to issue them a Form 1099 after the end of the year to avoid facing the loss of the deduction for their labor and expenses and to avoid a monetary penalty. The 1099s for 2011 must be provided to the independent contractor no later thanJanuary 31, … [Read more...] about Are You Required to File 1099s?
Indian CPA | Virtual Tax Consultancy serving all over US
Indian Tax Consultant serving across all 50 States