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.

Before you go: be sure to read my disclaimer. Remember, I’m a lawyer and we love disclaimers.
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Author

Kelly Phillips Erb is a tax attorney, tax writer, and podcaster.

Comments

  1. 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

  2. Linda Bennett Reply

    If a person works for a company and is paid under the table can you send them a 1099?

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