As the end of the year approaches, don’t forget that 1099’s are due January 31st. Our accounting department uses December to review which vendors our clients are missing W-9’s for so that we can get them collected them prior to the deadline. The penalty for not filing a 1099 or filing one incorrectly isn’t all that expensive but they can certainly add up. Here is a link to the IRS W-9 form that you are to use to collect the appropriate information: http://www.irs.gov/pub/irs-pdf/fw9.pdf.
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