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 W-9 filled out that has 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 W-9 form if they’re a subcontractor. Call me at 615-367-0819.
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