Don’t File A 1099 Incorrectly

Don’t File A 1099 Incorrectly
Dr. Friday Tax Tips - One Minute Mo...

 
 
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Dr. Friday 0:00
Good day. I’m Dr. Friday, president of Dr. Friday Tax and Financial Firm. To get more info go to www.drfriday.com. This is a one minute moment.

Dr. Friday 0:12
1099’s, they’re going to be here before you know. We’re going to be issuing them out to our subcontractors. Make sure now that you have a W9 filled out the test their name, address, Social Security or Federal ID number. Make sure that information is correct because the IRS does charge a penalty or charge a fine if you don’t file 1099 if they’re filed incorrectly and you can’t justify it. Make sure you have the information now before the crazy season starts and then it’s a lot harder to track it down. My suggestion is to never give someone a check without them completing a W9 form if they’re a subcontractor. Call me at 615-367-0819.

Announcer 0:52
You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 pm to 3 pm right here on 99.7 WTN.