All businesses, regardless of entity type, are required to file Forms 1099 if applicable. The best way for businesses to ensure that they have all the information needed to file Forms 1099-Misc is to have an accurate and current Form W-9 for each vendor. With the year winding down, now is the time to review payment records and ensure Forms W-9 are on file. Having all the information readily at hand at the beginning of the year will make 1099 filing go more smoothly. Contact a Lewis, Hooper & Dick, LLC professional for more information.
