DON'T DELAY! 1099/W9s happen every year
Who receives a 1099?
Anyone who was paid $600 or more for services on behalf of the business as a non-employment income should receive a 1099. However, there are many types of 1099s for different situations. Also, there are many exceptions to the $600 rule, meaning you may receive a 1099 even if you were paid less than $600 in non-employment income during the tax year. Know the IRS common laws.
How do I know?
Determine what type of relationship you have with a person or company to decide if you need to issue a 1099 to document the relationship, best way to do that is to request a W-9.
There are several factors, it is critical that business owners correctly determine whether the individuals or businesses providing services are in need of a 1099. If a business fails to issue a form by the January 31 deadline, the penalty varies, depending on how long past the deadline the business issues the form. Best practice going forward: DO NOT remit payment without first obtaining a W-9 Form.
Don't want to do it alone, we are happy to help!
If you would like Your Front eOffice to assist with your year-end kindly let us know
before December 20th so we can put your name on our list.
ALL THE DETAILS
For W-9 and 1099 services for Current Clients:
$125/ hour with a 1-hour minimum (includes up to 5 1099’s) and $5.00 for each additional 1099/e-filed, for those that need to be mailed via USPS will incur an additional $2/form. If a W-9 needs to be requested for taxpayer identification service is $6/submission.
$75 additional rush fee for approved Vendor information received after January 10th.
For W-9 and 1099 services for Non-Current Clients:
$125/hour with a 2-hour minimum (includes up to 5 1099’s) and $6.00 for each additional 1099/e-filed, for those that need to be mailed via USPS will incur an additional $2/form. If a W-9 needs to be requested for taxpayer identification service is $8/submission.
$100 additional rush fee for approved Vendor information received after January 10th.

GET ON THE BALL, STAY ON THE BALL.
Procrastinating on your accounting isn’t worth the agony.
MAILING ADDRESS
847 Randall Road, #165
Elgin, Illinois 60123