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Primer on 1099 Reporting for Tax Year 2013 Presenter: Mike Market is Managing Director of 4L Law Firm Services LLC. 4L performs outsourced bookkeeping and billing services for small/midsize law firms.
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What is primer on 1099 reporting?
Primer on 1099 reporting is a guide that explains the essential information and requirements for reporting payments made to non-employees or independent contractors on Form 1099.
Who is required to file primer on 1099 reporting?
Any business or individual that makes payments to non-employees totaling $600 or more in a calendar year is required to file primer on 1099 reporting.
How to fill out primer on 1099 reporting?
To fill out primer on 1099 reporting, you will need to gather information on the payments made to non-employees, such as their name, address, and taxpayer identification number, and report this information on Form 1099.
What is the purpose of primer on 1099 reporting?
The purpose of primer on 1099 reporting is to provide accurate information to the IRS about payments made to non-employees, so they can ensure that all income is properly reported and taxed.
What information must be reported on primer on 1099 reporting?
The information that must be reported on primer on 1099 reporting includes the recipient's name, address, taxpayer identification number, the amount of payments made, and the type of income being reported.
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