As a reminder, a form 1099-MISC reports payments made to unincorporated businesses in the course of a trade or business for services and/or rent in excess of $600 for the year. Additionally, Forms 1099-INT and 1099-DIV report payments of interest and dividends respectively to recipients.

If you have made payments in the course of a trade or business for services or rent in excess of $600 to unincorporated parties, or if you have paid interest or dividends from your business and you wish for us to prepare these forms please provide us the information as soon as possible. An information worksheet is enclosed for your convenience. Payments made to Donald Benson CPA will require a form 1099-MISC.

Please note that there are penalties imposed by the IRS for non-filing of these information returns. The non-filing penalty is increasing to $250 per form for 2016.