11 January 2011

Check those 1099s! You may have more than you bargained for!

Leslie Vail reminds us to Check those 1099s! You may have more than you bargained for!

It’s common to see vendors not marked at 1099 vendors when they should be. In Leslie scenario though, we see the opposite. If a vendor is marked as a 1099 vendor early in the year and the 1099 designation is removed, 1099 amounts are still present in their record and may still generate 1099’s. Check our her post for the details.