Come late January or early February, you may have to file your 1099s with the IRS. If you are in California, you likely believe that filing with the IRS satisfies your California filing requirement.
If you paper file, that’s true. However, if you electronically file your 1099s, you must also file them with the Franchise Tax Board. And if you forget to do so, you could be subject to fines.
If you have any questions regarding your 1099 filing requirements, please ask us. If we file your 1099s on your behalf, we’ll make sure that Sacramento gets their copy.
Tags: 1099s