Tag Archives: 1099s

1099 Time

Posted on January 2, 2014 by Russ

As we finish the first week of January, we’re running some repeats of important issues. It’s time for businesses to send out their annual information returns. These are the Form 1099s that are sent to to vendors when required. Let’s … Continue reading →

Posted in Gambling, IRS | Tagged | 1 Comment

When a W-2G (or Other Information Return) Is Wrong

Posted on March 20, 2013 by Russ

Let’s say you’re self-employed, and you get a 1099-MISC from a customer. He notes he paid you $1,200. However, he really paid you $900. What do you do? First, you contact the customer and attempt for him to correct the … Continue reading →

Posted in Gambling, Indiana, Iowa | Tagged , , | 7 Comments

1099 Repeal?

Posted on July 30, 2010 by Russ

Before I head out the door, I just saw a short article that a repeal of the new requirement on issuance of 1099s (part of the health care fiasco) was introduced by Democrats today. The measure was an amendment to … Continue reading →

Posted in IRS, Legislation | Tagged | 1 Comment

1099 Time

Posted on January 3, 2010 by Russ

It’s time for businesses to send out their annual information returns. These are the Form 1099s that are sent to to vendors when required. Let’s look first at who does not have to receive 1099s: Corporations (except attorneys) Entities you … Continue reading →

Posted in Tax Preparation | Tagged | Comments Off on 1099 Time

Mailbag: How to Get Both Sides Upset with You (Poker Coaches & 1099s)

Posted on December 3, 2009 by Russ

Like most tax professionals, I send out a newsletter for my clients. In my most recent newsletter, I included the following: Under federal law, a business owner (this includes those of you who file a Schedule C — a sole … Continue reading →

Posted in Gambling, Tax Preparation | Tagged | 2 Comments

A Brief Note on Business Information Returns/Filings

Posted on January 3, 2006 by Russ

Now that we’re in 2006, it’s time for me to go back to work. First on the agenda will be business information returns/filings, such as W-2s and 1099s. These forms must be distributed by January 31st, but do not have … Continue reading →

Posted in California, IRS | Tagged | Comments Off on A Brief Note on Business Information Returns/Filings

Where Paper Filing is Simpler than Electronic Filing

Posted on December 4, 2005 by Russ

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. … Continue reading →

Posted in Tax Preparation | Tagged | Comments Off on Where Paper Filing is Simpler than Electronic Filing