We want to remind you to gather the information for your 1099s and W-2s and have it to us by December 31, 2020.
Remember that you will need a W-2 for each employee. Please provide us with each employee’s social security number and correct name and address if we do not already have that information for your payroll.
You will also need to provide us with information for a 1099 for each person you paid more than $600.00 during the year, including your custom hires, veterinarians, freight haulers, and the persons you rent pasture or equipment from. If they are a corporation, you do not need to send them a 1099, but if they are an LLC, partnership, or single proprietor, we will need to provide them with a 1099 for their earnings on your behalf.
For the 1099s, we need correct names, addresses, and EINs or social security numbers.
We hope you are enjoying the preparation for the holidays. Only 11 days left!