< iframe width="480" height="320" src="https://www.youtube.com/embed/SZvoct1ACHU?rel=0" frameborder="0" allowfullscreen >< img design="float: left; margin:0 5px 5px 0;" src="http://ustaxreview.org/wp-content/uploads/2021/04/rZZJsK.jpg"/ > Accounting, Accounting, Financing, HR, and Tax for Startups. Kruze's tax team assists hundreds of start-ups cumulatively conserve millions on their taxes every year - even unprofitable start-ups can take advantage of tax credits. See just how much an income tax return might cost your business at https://kruzeconsulting.com/startup_calculators/how-much-does-a-startup-tax-return-cost/ Video Records: Hi people, this is Vanessa Kruze from Kruze Consulting, and today I wished to discuss with you 1099s. Now, 1099s are an IRS form that you have actually got to go out to your professionals by January 31st. That's the first thing to remember. 1099 forms are due by January 31st. The 2nd thing that you wish to think about is how much you have actually paid your ports on a money basis throughout the previous year. Really anything over $600 in aggregate, those folks must get a 1099. The last thing that you want to think about is who you ought to be sending out those 1099s out to. The response is anybody who's not a corporation, so LLCs, sole owners, maybe who is simply a person who is a professional for you, often attorneys and property owners. All of those folks you're going to wish to think about for giving them a 1099. How you figure out whether or not they are a corporation versus anything else is by offering a W-9. Once again, 1099s, they're due by January 31st. You're going to wish to provide one to anybody you paid over $600 and truly anybody who's not a corporation. Thanks for inspecting us out. We're Kruze Consulting.