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Business
owners take note: W-2 and 1099 forms are required to be filed by January
31. All employees who were employed at any time by you during 2000 need to
receive W-2 forms, and many others who received payments from you will
need 1099 forms.
If
you make payments in excess of $600 per person to individuals for
services, you are required to prepare and submit Form
1099-MISC.
The
copies of these forms that to go the recipients of the payments must be
postmarked by January 31. The copies of the forms that go to the state and
federal taxing authorities are due on February 28.
If
you still need to obtain forms, contact the IRS at 1-800-TAX-FORM or visit
your local IRS office. You may not receive forms by mail in time to make
the January 31 deadline, so it's wiser to get the forms in person at the
IRS office if you can.
If
you know someone who works in an accounting firm you may be able to ask
that person to snag some forms for you. This time of year, people who
prepare tax returns for a living are rather busy, so make sure you do
something nice in return for the person who helps you out - may be a plate
of brownies to take into the office would be a nice reward!
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