As a NJ CPA firm and and NY CPA firm, we are dedicated with providing you the latest tax tips this season. Our tax tip for today is:
Most businesses have to issue some 1099 forms, the most common one being Form 1099-MISC. You use this form to report annual payments of $600 or more to non-employees, such as consultants, web designers, accountants, lawyers, and janitorial services. Generally, you don’t report fees paid to corporations, but there are exceptions. See us for details.
For assistance with this or other tax or accounting matters please contact us at 201-947-8081 or 646-688-2807, or email us at firstname.lastname@example.org.