Form 1099 Requirements For 2015
If the client reports that not all Form 1099s were filed, then that’s a red flag for an audit. As you are likely aware, many filers traditionally provide recipient copies first and wait for employees or vendors to review the forms prior to sending them to the IRS. This approach has allowed errors to be corrected and the fixed form to be filed to the federal government, along a new copy to the recipient, without creating a corrected 1099. The new reporting deadline all but eliminates this […]