Form 1099-MISC, Miscellaneous Income, is probably the most familiar to business owners. But Form 1099-MISC is just one of a group.
To increase compliance of Form 1099 filing, business income tax forms include questions about whether the business made payments that require issuing the form and whether the business actually did issue it.
This scrutiny, coupled with steep penalties, make it important for every business to check Form 1099 filing requirements each year.
Click here to download our PDF that outlines what you need to know about Form 1099.