Description
1099 (MISC) Year 2016 processing is described in real and practical terms with all applicable basic to advanced rules, regulations and nuances related to the process. The first chapter is a quick ’45 minute crash course’ on the subject – “1099 Compliance, the Bottom Line of it,” written for those who must have a quick introduction to the process. It is expected that the reader proceeds to the following ‘in-depth 1099′ chapters. The books thoroughly analyzes accounts payable 1099 (MISC) process, A to Z, from vendors’ W-9 collection, AP data processing and classification, 1099 filing process, to the IRS’s B-Notice receipt. The book also discusses how selecting different types of income on form 1099 affects the recipients’ tax filing. The information in the book comes from the practical knowledge and offers practical advice to all accounts payable professionals. This review was prepared by a seasoned accounting professional who has processed tens of thousands of various types of form 1099. This is a “must have” 1099 reference for all accounts payable professionals, CPA’s and business owners.
