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📖 Description
1099 (MISC) processing is described in real and practical terms with all applicable basic to advanced rules, regulations and nuances related to the process. The first chapter is a quick '45 minute crash course' on the subject - "1099 Compliance, the Bottom Line of it", written for those who must have a quick introduction to the process. It is expected that the reader proceeds to the following 'in-depth 1099' chapters. The books thoroughly analyzes accounts payable 1099 (MISC) process, A to Z, from vendors' W-9 collection, AP data processing and classification, 1099 filing process, to the IRS's CP2100/B-Notice receipt. The book also discusses how selecting different types of income on form 1099 affects the recipients' tax filing. This review was prepared by a seasoned accounting professional who has processed tens of thousands of various types of form 1099. This is a "must have" 1099 reference for all accounts payable professionals, CPA's and business owners.