Preparing Forms 1099-MISC can be difficult, but we are here to help simplify things!
So, you:
- Determined who must receive a Form 1099-MISC;
- Collected your business taxpayer information;
- Sent for and retrieved your payee information through a completed W-9 form;
- And finalized and collected the payment amounts from your accounting system.
Sounds like you are good and ready to complete and file your 1099-MISC forms.
However, before you press that print or e-file button, take a moment to review your information and forms for accuracy in order to avoid potential penalties or other problems.
When completing your forms, make sure not to make these common errors for Form 1099-MISC: