014. Are YOU Required To Send Out Any 1099s? The What, When, and How of 1099 Tax Documents

You might already be familiar with the 1099s you RECEIVE as a business, but did you know that you ALSO have a requirement to SEND any 1099 documents to individuals and businesses that meet certain criteria? It’s not just a responsibility of large corporations - ANY small business may also need to send out 1099s at the end of the year.

Today’s episode is going to walk through the 4 requirements to review to determine if any of your vendors need to be sent a 1099, when these 1099s need to be sent by, and how to actually file them.

 

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Prefer to learn while you read? Check out the blog post for this episode:

https://www.findingfreedomfinancial.com/who-needs-to-receive-a-1099

 

Related Episodes & Resources Mentioned:

• How to order paper copies of blank 1099 forms: https://www.irs.gov/pub/irs-news/at-01-57.pdf
• Software options you can use to electronically file & send your 1099s: Quickbooks Online or Tax1099
• Get your bookkeeping all caught up with Bookkeeping Made Simple for Boutiques to easily identify which vendors you need to send 1099s: www.findingfreedomfinancial.com/course