IRS forms 1099 & 1096

Written by admin@pcpierce.com on July 29, 2011. Posted in Tax/Accounting

IRS 1099-misc & Form 1096

Income from consulting reported to the consultant using a 1099-misc form. This includes the total amount paid to the consultant with no tax or other withholdings as is typically done with the regular employment.

Anyone hiring a contractor must complete an IRS form 1096 indicating the total amount paid to the contractor. This form is due in January but better late than never.