As we begin 2006 A.J. Brown Jersey , you're probably not thinking about taxes at all. This is a mistake as deadlines are approaching for issuing and filing 1099s to independent contractors.
What is a 1099 MISC?
Generally speaking, the IRS requires you to report certain payments you made during the year to independent contractors. The 1099-MISC form is a single page on which you report to total amount you paid to the independent contractor during 2005.
The 1099-MISC forms must be issued to any person you paid at least $600 in rents, services or other income payments. For example, if you hired a contractor to renovate a room in your home and paid them $5 Jeffery Simmons Jersey ,000, a 1099-MISC filing would be required. As with practically any IRS filing, there are additional situations that require a 1099 filing. Any payments to attorneys must be reported regardless of the amount. Royalties totaling over $10 also must be reported. Generally, you are not required to report payments to a corporation.
When and What Must Be Filed?
The 1099-MISC form is a multi-layered carbon form Wholesale Titans Hats , so make sure the information you provide appears clearly on all of the copies. Once you fill out the form, provide Copy B to the person you are reporting to the IRS by January 31, 2005.
Copy A of the 1099-MISC form is intended for the IRS. You must file it by February 28, 2005 if you are sending the form by mail. If you prefer to file electronically Wholesale Titans Hoodies , you have until March 31, 2005.
The IRS has made a major effort to cut down on red tape, but you'll still find it with 1099-MISC filings. In addition to filing the 1099 with the IRS, you must also file a 1096 form. The 1096 form is the ?Annual Summary and Transmittal of U.S. Information Returns? form. It is one page and extremely easy to fill out.
Although the IRS has an excellent web site Wholesale Titans Shirts , you can't download 1099 forms off of it. The official forms are still multi-layered carbon paper, which means you need to get a physical copy. The IRS should send you the forms in the mail. If they don't, you can order them off the IRS site or call the IRS to have them sent to you. If all else fails, you can usually find the forms at major post office and public library locations. If you fail to file 1099s Wholesale Titans Jerseys , the IRS will penalize you $50 per 1099.
More than a few people have grumbled about filling out 1099s so early in the year, but doing so has indirect benefits. You are forced to start organizing your records for 2005.
1. Write to one person.
When you're writing your article picture one person that you are writing to. This will make your writing more personable and help you to keep your readers interested in your article.
2. Use lots of white space within your article.
Using lots of white space will help you to make your article look more professional and keep more of the skim readers interested in your article.
If you have paragraphs that are too long, try to break them up into two or three paragraphs so that your article will be easier to read.
3. Double check your articles for errors.
Make sure that you haven't misspelled any words, skipped words Cheap Titans Hats , or used a homonym such as "their" when you meant "there."
Remember, that spell checking only catches spelling mistakes so you'll need to go over your articles even after using your spell checker to find words used incorrectly and also to find words that were used twice in a row or omitted.
4. Pay attention to feedback you get for your articles.
Getting or seeking constructive feedback about your articles can help you to write better, get back on track with your writing if you're in a slump, and also develop new things to write about.
Even negative feedback or criticisms can help you if it shows you things you can work on. Just don't take everything to heart.
5. Improve your writing skills by trying different things.
When you first start writing your own articles Cheap Titans Hoodies , especially if you're new to writing, you might feel that you can only write list articles like this one.
Nonetheless try your hand at other types of articles that you would like to write such as how to articles or straw man articles.
Also try writing on different subjects that you haven't written about before.
6. Keep a file of articles you've written that you left unfinished or didn't feel were ready to be published.
Also keep parts (i.e., tips, paragraphs Cheap Titans Shirts , etc.), that you've edited out of your finished articles in this file.
You might be able to rewrite your unfinished articles later on, get new ideas to write about, or get a new tip or two for your list articles from this file.
7. If you run an affiliate program Cheap Titans Jerseys , let your affiliates publish your articles with their affiliate URLs in your resource box.
You'll be able to effectively increase your sales by giving your affiliates an easy way to successfully promote your business to their visitors or subscribers.
8. Create an ebook compilation of your articles.
You could use your ebook as a bonus for subscribing to your ezine or you could let your affiliates brand your ebook with their affiliate URLs.
If you don't run an affiliate program, you could let people brand your ebook with a link to their site or business to get more people to offer your ebook to their visitors or subscribers.
9. Participate in article swaps.
Your swaps will help you to get your articles run in ezines that have subscribers interested in your business.
Your article swaps can also help you to gain more reciprocal links and add more useful content to your site if you swap articles where you publish another writer's article on your site in exchange for the same.
10. Create a list that people can subscribe to that announces when you've written a new article or articles.