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Content tagged '1099 Process'

October 31, 2014
By Frederic Portal, Ataway Director of Strategy & Alliance

Tax season is stressful: if something goes wrong, the IRS is not known for being particularly forgiving. In order to comply with Internal Revenue Service (IRS) tax requirements, Organization must report non-employee compensation to the IRS on a calendar-year basis.

We recommend to our client to start to start to review supplier and invoices early on to clean the data before the end of the year, it will accelerate the creation of the 1099 report in January and will improve its accuracy. You definitely do not want to have to reissue a corrected 1099’s reports.

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