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Learn how to pay your Vendors & Independent Contractors to avoid extra IRS paperwork as well as avoid potential IRS penalties. We go over strategies to pay vendors to avoid issuing a 1099. As well as, if you do owe a 1099, what you need to get from your vendor so that you are compliant with the IRS. At the end, we discuss changes from 2021 to 2022 IRS rules.
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Learn how to pay your Vendors & Independent Contractors to avoid extra IRS paperwork as well as avoid potential IRS penalties. We go over strategies to pay vendors to avoid issuing a 1099. As well as, if you do owe a 1099, what you need to get from your vendor so that you are compliant with the IRS. At the end, we discuss changes from 2021 to 2022 IRS rules.