1099-MISC due next Wednesday, 2/29/12

You’ve got until next Wednesday (2/29/12) to file Form 1099-MISC for anyone who you paid $600 or more.

Form 1099-MISC must be filed for each person to whom you, in the course of your trade or business:
(1) made payments of $600 or more for fees, commissions, or other forms of compensation for services rendered as non-employees;
(2) made payments of $600 or more to physicians or other suppliers or providers of health care services in connection with medical assistance programs, or health, accident, and sickness insurance programs;
(3) gave prizes, awards, etc., of $600 or more that were not for services rendered;
(4) made payments of $600 or more for rents;
(5) made payments of $10 or more for royalties (franchisees);
(6) made direct sales of $5,000 or more of consumer products for resale;
(7) and others related to fishermen, brokers and/or backup withholdings (which none of you probably did).

Call me with any questions – 513.703.9763.  God Bless Taxes!

Bob
Robert L. Hesch, CPA
Tax Manager
Flagel, Huber, Flagel & Co, CPAs
9135 Governors Way
Cincinnati, OH  45249-2037
513.583.4044 office | 513.774.7250 fax | 513.703.9763 cell