Income Verification:Form 1099-MISC helps the IRS verify the income reported by recipients. It allows the IRS to cross-reference the amounts reported on Form 1099-MISC with the income reported on the recipients’ tax returns. This helps ensure that individuals and entities accurately report their ...
“You were in operation on February 15, 2020 and either had employees for whom you paid salaries and payroll taxesor paid independent contractors, as reported on a Form 1099-MISC.“ What I’m doing:It’s past midnight on the East Coast and soI’m making a last-minute judgment call to ...