- March 23, 2008
- Posted by: Rosemarie Harvey
- Category: Uncategorized
The simple answer is the IRS.
The website (http://www.irs.gov) and publications tell how to obtain forms from the Agency. Have your accountant do this assignment as certain returns have specific deadlines. The Form 1099, for example, should be done by certain due dates – January 31 to the contractor and February 28 to the IRS.
The Agency imposes late penalties for filing after the due date. Only the authorized original (RED)1099 and corresponding 1096 are accepted by the IRS – No copies!
Today’s tip from Audley Stephens, CPA
Click this link to read more tips from Audley Stephens
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It seems if you have not yet filed your Form 1099 for 2007, you will be expected to pay a penalty.
Look out for my upcoming series on “So You Want to Be an Entrepreneur…Business Considerations for the Solopreneur and the Small Business”