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FORM 1099 MISC REMINDERS for STATE & LOCAL in

FORM 1099 MISC REMINDERS for STATE & LOCAL in

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what exactly is a form 1099 and why should you worry about it if you own a business as a general rule of thumb businesses are required to send form 1099s to independent contractors and certain eligible companies for services they perform for their business because independent contractors and other businesses are not employees of your company you're not going to send them a w-2 like you would for your employees and w-2s are filed with the state and the irs and so those organizations have a record of how much you've paid your employees so you don't really need to do much more than file your w2s on time when it comes to subcontractors and other companies then there is no record of what you've paid that company or that person because you don't send them a w-2 so your responsibility as a business owner is to actually file a 1099 that you send to the irs and potentially your state that shows how much you paid that individual or that eligible company fo

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