2014 Form 1099

Just a reminder to all for profit and not for profit businesses regarding compliance for filing 2014 Form 1099. Since the end of the calendar year is fast approaching, this is a good time for your accounting staff to make sure your accounts payable files are up to date with appropriate Form W-9 (Request for Taxpayer Identification Number). The Form W-9 is not a form to be filed with the Internal Revenue Service, but requests the appropriate information from your vendors to ascertain if filing a Form 1099 is appropriate and, if it is, the W-9 Form can request pertinent information to assist in accurately preparing the Form 1099.

If you have any questions, or need assistance, contact Christina Gibford, CPA

In addition, the Internal Revenue Service has several resources for businesses to stay compliant in filing the annual informational forms, below is a link to the 2014 General Instructions:

http://www.irs.gov/pub/irs-pdf/i1099gi.pdf