If you own a small business, don’t forget that the 1099-MISC deadline is coming up. If you paid any independent contractors or partnerships (even if they have LLC after their name) more than $600 for performing a service for your business in 2010, you must issue a 1099-MISC.
If you need our assistance with these, please send the name, address, tax ID# and amount paid for any contractor hired. (Just a note…the healthcare bill currently imposes a new law that starting in 2012 you need to file 1099-MISC for all goods that you purchase (i.e. office supplies), as well as service providers…there is hope, but no guarantee, that this law will be repealed).