{"id":69,"date":"2013-01-29T21:41:55","date_gmt":"2013-01-29T21:41:55","guid":{"rendered":"http:\/\/cp1.cpasitesolutions.com\/~reicinpo\/wordpress\/?p=69"},"modified":"2013-01-29T21:41:55","modified_gmt":"2013-01-29T21:41:55","slug":"1099-misc-reporting-dos-and-donts-by-caleb-lendy","status":"publish","type":"post","link":"https:\/\/bronswick.com\/2021\/2013\/01\/29\/1099-misc-reporting-dos-and-donts-by-caleb-lendy\/","title":{"rendered":"1099-MISC &#8211; Reporting Do&#8217;s and Don&#8217;ts &#8211; By Caleb Lendy"},"content":{"rendered":"<p><strong><span style=\"text-decoration: underline;\">Do\u2019s<\/span><\/strong><\/p>\n<ol>\n<li>Do &#8211; Get a W-9 from each independent contractor\/service provider when you start a working relationship with them. It saves time and effort down the road, and you won\u2019t have to track them down last minute.<\/li>\n<li>Do &#8211; Report payments made to individuals, partnerships, and estates.<\/li>\n<li>Do &#8211; Send 1099s to all contractors\/service providers and lawyers to whom you made payments to over $600 throughout the year. While the copies are due to recipients by the end of January, they are not due to the IRS until the end of February.<\/li>\n<li>Do &#8211; Ask your accountant if you have any questions on filing requirements.<\/li>\n<\/ol>\n<p><strong><span style=\"text-decoration: underline;\">Don\u2019ts<\/span><\/strong><\/p>\n<ol>\n<li>Don\u2019t &#8211; Report payments to corporations unless specifically reportable in the 1099-MISC instructions.<\/li>\n<li>Don\u2019t &#8211; Report personal payments. Only payments made in your course of business should be reported.<\/li>\n<li>Don\u2019t &#8211; Wait until the last minute!\u00a0 It saves time, stress and money to get them completed early!<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Do\u2019s Do &#8211; Get a W-9 from each independent contractor\/service provider when you start a working relationship with them. It saves time and effort down the road, and you won\u2019t have to track them down last minute. Do &#8211; Report payments made to individuals, partnerships, and estates. Do &#8211; Send 1099s to all contractors\/service providers [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5,1],"tags":[],"class_list":["post-69","post","type-post","status-publish","format-standard","hentry","category-blog","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/bronswick.com\/2021\/wp-json\/wp\/v2\/posts\/69","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bronswick.com\/2021\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bronswick.com\/2021\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bronswick.com\/2021\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/bronswick.com\/2021\/wp-json\/wp\/v2\/comments?post=69"}],"version-history":[{"count":0,"href":"https:\/\/bronswick.com\/2021\/wp-json\/wp\/v2\/posts\/69\/revisions"}],"wp:attachment":[{"href":"https:\/\/bronswick.com\/2021\/wp-json\/wp\/v2\/media?parent=69"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bronswick.com\/2021\/wp-json\/wp\/v2\/categories?post=69"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bronswick.com\/2021\/wp-json\/wp\/v2\/tags?post=69"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}