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Form 1099 S Rev April

Form 1099 S Rev April

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welcome to tax insights presented by hawkins ash cpas and good morning listeners welcome back once again to tax insight here on womt every week we're talking with jeff from hawkins ash jeff good morning sir good morning terry form 10.99 that's today's topic you know as a business owner you probably know that you're required to send 1099s out to your vendors and that your customers might be required to send them to you for any 1099s that you're required to send they're due by january 31st which is why i wanted to get this show out today so let's start off with the refresher for everybody what exactly is on form 10.99 so the irs for years has been trying to make sure that all income is captured the irs right now estimates that the tax cap is over one trillion dollars so this would be the cash and income that people receive but they don't report on their tax returns you probably even heard recently that the irs was reminding

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