Businesses must provide a Form 1099-MISC to recipients by January 31, 2014. The due date for providing Form 1099-MISC to recipients if amounts are reported in boxes 8 and 14 is extended to February 15, 2013. Businesses must also send Copies A of all paper Forms 1099-MISC and a Form 1096, a summary of 1099 forms, to the Internal Revenue Service (IRS) by February 28, 2013 (or...Read more
Recently, this question appeared on LinkedIn: What’s the benefit of hiring a W2 versus hiring a 1099 consultant for the same job? I’m interested in your opinion when comparing a W2 to a 1099 hire. Thanks. This is the answer that was given: I can’t think of a reason to put someone on W2 instead of a 1099. If the need is for a permanent, full time position, then W2 is generally the way to go. If the...Read more
2013 1099-MISC Filing Deadlines
Here are the dates for paper and electronic filing for 1099-MISC forms for 2013. If you need help filing check out these IRS Approved Vendors. WageFiling or EfilingPlus
All 1099-MISC recipients must have their forms in hand by January 31, 2014.
The due date is extended to February 18, 2014, if you...Read more
A question business owners have each year when it comes time to file 1099-MISC forms is who get's one? Who falls under the guideline of an employee that gets a W-2 vs a 1099-MISC? Hopefully this explanation will help! An employee is a person who works in the service of a company under an expressed or implied contract of hire, under which the employer has the right to control the details of work performance. Which really...Read more