1099's Don't miss out on these key tips for filing your 1099's on time and accurately!

1. 1099’S – DON’T MISS THE
DEADLINE!
Who should you give them to?
If you use independent contractors to perform services for your business and you
pay them $600 or more for the year
.
If you have any
questions please give
us a call at 572-1248
or email us at
info@gmlcpa.com
We are a CPA firm dedicated to
transforming the lives of business owners
and increasing their value in the eyes of
their customers.

2. What forms do I need?
Form 1099-MISC after the end of the year to avoid facing the loss of the deduction
for their labor and expenses.
The 1099s for 2014 must be provided to the independent contractor no later than
February 2, 2015.
We are a CPA firm dedicated to
transforming the lives of business owners
and increasing their value in the eyes of
their customers.

3. How do you collect the information
needed?
IRS Form W-9 is provided by the government as a means for you to obtain the data
required to file the 1099s for your vendors. This data includes the vendor’s
name, address, type of business entity and TIN (usually a Social Security
number or an Employer Identification Number), plus certifications as to the ID
number and citizenship status, among others.
We are a CPA firm dedicated to
transforming the lives of business owners
and increasing their value in the eyes of
their customers.

4. Last tips!!!
DO NOT SUBMIT The W-9 to the IRS.
GET A CURRENT FORM The W-9 was last revised by the IRS in December 2014
AVOID PENALTIES SENT TO IRS by March 2, 2015, along with transmittal Form
1096.
If you have any
questions please give
us a call at 572-1248
or email us at
info@gmlcpa.com
We are a CPA firm dedicated to
transforming the lives of business owners
and increasing their value in the eyes of
their customers.