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rated:
How do others here on FW (small business owners, self-employed, landlords, etc.) handle this IRS reporting requirement?

(1) Do you prepare and mail the 1099ís yourself, have your accountant prepare (if so, what does your accountant charge per each 1099), OR.?

(2) If the payee doesn't furnish a W-9 upon your request, and payment to the payee has already been made, how do you handle that situation?

From the IRS website:†Am I Required to File a Form 1099 or Other Information Return? †If you made or received a payment during the calendar year as a small business or self-employed (individual), you are most likely required to file an information return to the IRS. This page is applicable to specific and limited reporting requirements. For more detailed information, please see†General Instructions for Certain Information Returns†or specific form instructions.

http://www.irs.gov/businesses/small-businesses-self-employed/am-i-required-to-file-a-form-1099-or-other-information-return

Form 1099-MISC, Miscellaneous IncomeFile this form for each person to whom you have paid during the year:

  • at least $600 in:

    • rents;
    • services performed by someone who is not your employee;
    • prizes and awards;
    • other income payments;
    • medical and health care payments;
    • crop insurance proceeds;
    • cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish;
    • generally, the cash paid from a notional principal contract to an individual, partnership, or estate;
    • payments to an attorney; or
    • any fishing boat proceeds,


In addition, use this form to report that you made direct sales of at least $5,000 of consumer products to a buyer for resale anywhere other than a permanent retail establishment.

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rated:
There are plenty of websites that will file them electronically to the IRS and even mail the the copy to the contractor.

Intuit Payroll will do it, but has a three form minimum for $12.99. 1099online is $3.49/each and tax1099 is $2.90 each and there are dozens more.

rated:
btuttle said:   There are plenty of websites that will file them electronically to the IRS and even mail the the copy to the contractor.

Intuit Payroll will do it, but has a three form minimum for $12.99. 1099online is $3.49/each and tax1099 is $2.90 each and there are dozens more.

† Thanks!

rated:
I don't have too many to fill in.
I order the forms from IRS for free. I fill them by hand and mail to the recipients and to IRS.

I have never had to deal with not having the w9.

rated:
Using Intuit here

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