Taxpayer asks:
Our company is closing its doors as of this month. When are we required to file 1099’s for the payments made in 2008? We will not be around in February of 2009.
Taxgirl says:
I’ve checked around and it doesn’t appear that there is any prohibition against sending them early. I say, send ‘em when they’re ready.
And sorry to hear that you’re closing.
Like any good lawyer, I need to add a disclaimer: Unfortunately, it is impossible to give comprehensive tax advice over the internet, no matter how well researched or written. Before relying on any information given on this site, contact a tax professional to discuss your particular situation.
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I have stated a home improvement business and have had individuals working for me periodically. Do i have to 1099 or not. Some my have made less than 5000 dollars