There’s another deadline coming up at the end of this monthIf you’ve paid any person (includes an individual, LLC, partnership) more than $600 in 2017 for your business, you must report to whom and how much you paid on a Form 1099. This informational filing is due on 1/31/2018. This is only required for payments made in the course of your trade/business and NOT required for PERSONAL payments. Note: Payments to corporations and payments for goods/merchandise are not reportable Tip: If you’re taking a deduction or write off for the amount paid, it’s reportable on a Form 1099There are other special circumstances and rules (ie. Lawyer fees are always reportable) so comment below if you need some clarification! | : @unsplash
Back body of our plaid one of one wool shirt available only at @vitalvintagegoods
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