If you hired independent contractors to work for your business and you paid them $600 or more in 2013, you need to issue 1099-MISC to them by January 31, 2014. In general, this 1099-MISC requirement does not apply to corporation. In other words, if you payees / service providers are corporation, you may not need to issue 1099-MISC to them.
If you do not comply with this rule, you may lose the right to deduct the payments as business expenses. My firm can assist you to e-file the 1099. Please contact us for more information.
To issue 1099-MISC, you need to include the recipients’ addresses, tax ID, names etc. To properly obtain these information, you need to first provide them W-9 to obtain these information with their signature. You can download this form from this address:
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