And I'm suppose to file one copy with IRS one copy with State and one copy with my return, correct?
2007-01-16 11:45:28 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
I am the one sending the 1099's to independent contractors, I'm not the one receiving...
2007-01-16 12:45:02 · update #1
Normally, four would be correct, but in the information age with everyone filing electronically most companies do not send four copies. You really don't need four because the only time you will need it is if you are audited (unless you actually file on paper - and if so, why?).
So, if you only get one, you'll be okay - and that's probably what you'll get.
2007-01-16 12:19:06 · answer #1 · answered by Anonymous · 0⤊ 1⤋
You receive 1 copy of the 1099 and keep it in your files. If you receive a W-2, you attach a copy to each return you file. The state an the IRS have already received copies of both from the person the sent them to you.
2007-01-16 12:25:56 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
Does the 1096 require copies of 1099?
2016-01-21 07:40:57 · answer #3 · answered by Lemon-Tunkhannock Twps 1 · 0⤊ 0⤋
One for you to file with fed taxes, one to file with state taxes, one for local (city) taxes, and one for your records (4).
This is standard, but in a city and state where you don't have income tax those copies don't necessarily need to be there.
2007-01-16 12:01:28 · answer #4 · answered by Anonymous · 0⤊ 1⤋