Filing 1099's at the end of the year can be painful. In my experience, clients often do not prepare properly and end up scrambling to request W-9's from vendors come January. What typically happens is they just don't hear back from them and are left not filing a 1099 because they don't have the proper information. This leaves them susceptible to the expense being thrown out in a potential audit, issues can also arise in workers comp audits as well.

Let me say this, IT DOESN'T HAVE TO BE THIS WAY!

As a reminder, businesses are required to file a 1099 to any vendor they pay cash, check, ACH transfer or other direct means like Zelle and the payments for the year totals over $600.

There is a simple solution to making your 1099 collection a very simple process. Here is how it goes:

Vendor: "Hi Mr. Business Owner, I just completed XXX work, and you owe me $1,000. Can you write me a check?

Business Owner: "Certainly, send me a completed W-9 Form and we will get payment right over to you"

You see that? Always get the W-9 Form before payment! That way, come January you won't be ghosted when requesting.

Google Form W-9 and it will pop right up. Keep them handy for when you need them.

If we are filing your 1099's at year end, send the W-9 to our accounting team and we will keep them on file for you.

I hope this helps!

Lee and Mark