Avoid Hefty IRS Penalties

Justin Schellenberg, CPAAdvice, Featured ContentLeave a Comment

Businesses are required to issue Form 1099-Misc for payments made of $600 or more for services, rents, attorney fees, medical & health care services, etc. paid to individuals, partnerships, LLC’s and some corporations. A comprehensive list of payments requiring 1099’s, is included in the instructions for 1099-Misc and can be found on the IRS website. The IRS is focusing on … Read More