How Do You Report And Issue A 1099 Miscellaneous? (chimes playing) -How Do You Report And Issue A 1099 Miscellaneous? Is it then too late for 2018? Jeff Webb, you seem to enjoy these things. – How do you report? You simply report payments made to individuals who are not corporations. – Non-profits with a budget of more than $600 – Over $600 in Service Fees Not applicable to materials purchased As a result
That would be reported on a Form 1099 with that vendor’s or whoever’s name on it. -, You’re a Little Late For 2018 Now It was due on January 31st, which was the first due date. – The Ones With Boxed Out, We Call It Non-Employee Compensation, Your Independent Contractors Those had to be filed by the 31st of January. The remaining 1099 mischas were due to be filed yesterday. – Oh, so we’ll be able to travel back in time for a day? What Happens If You File a Lawsuit?
Late? – A penalty of $50 per 1099 is usually imposed if you file late. – What if you just don’t file? – Are they going to catch you? – Oh, My God, That’s A $50 Penalty! With that story, he messed with Trump. You’re a bunch of jerks. – Here’s where we uncorked something You’re all being respectful. (music for piano)