1099 Filings

A reminder to business owners that you should be gathering up W9s in order to issue 1099s in January.  As a general rule, you should issue a 1099 to each person you have paid at least $600 in rents, services (including parts and materials), prizes and awards.  If you have any questions about whether or not you are required to issue a 1099 please contact us.  (marian@magnoliamgmt.com or meagan@magnoliamgmt.com)  1099s are due to the recipients on February 2nd, 2015 and due to be filed with the IRS on March 2nd, 2015 if paper filing or March 31st 2015 if e-filing.

Here is a link for the Form W9:  http://www.irs.gov/pub/irs-pdf/fw9.pdf