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 Form 1099 CAP Rev April 2025

2025 Form

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hey Larry so year end planning for clients one of the things they hear often is prep for 1099s what are 1099s and why are they important a 1099 is a form that we send to the government and to vendors that we pay more than $600 to during the year what this does is it allows the government to match and make sure that the vendors when they report their own taxable income report all the income that they received a couple exceptions you don't need to file them for corporations which are es Corps and C corpse so like if you pay Verizon for example you don't need to send a199 1099s are sent to vendors in January of the Year following the payment and they're also e filed with the government

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