LLP and 1099: What You Need to Know
Does an LLP need a 1099? According to the IRS, all businesses must send non-corporate service providers Form 1099-MISC for payments exceeding $600 in a given tax year. Your LLP must also receive 1099s from customers who paid more than $600 in fees for the tax year. Read more on yourbusiness.azcentral.com If you manage a … Read more