Hey all!
So it's that time of year, and I'm getting things in order after my first year in business. I'm going to be meeting an accountant soon for overall stuff, but I was wondering about 1096/1099s. I had a couple independent contractors do work for me, and I will be sending out their 1099s soon. Do I wait to send the IRS (and state) their copies of the 1099s and 1096 for when I file my taxes for the year, or can I send them that stuff now (the forms are completed)? I know I need to send the ICs their 1099s by January 31st, but I was just wondering about the ones I file.
Thanks in advance!
So it's that time of year, and I'm getting things in order after my first year in business. I'm going to be meeting an accountant soon for overall stuff, but I was wondering about 1096/1099s. I had a couple independent contractors do work for me, and I will be sending out their 1099s soon. Do I wait to send the IRS (and state) their copies of the 1099s and 1096 for when I file my taxes for the year, or can I send them that stuff now (the forms are completed)? I know I need to send the ICs their 1099s by January 31st, but I was just wondering about the ones I file.
Thanks in advance!
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