31 Dec '15, 5pm

via @DomainNameWire

Online services make it easier to remain compliant with 1099s. If you’re a U.S. domainer that pays freelancers, contractors or a law firm, then you’re likely required to send out 1099s each year. Fortunately, there’s an easy and cheap way to do it online. First, here are examples of whom you need to send a 1099 to: Your web guy you paid to fix up or work on a website The landlord you pay rent to for your office The law firm you paid during the year to respond to a UDRP or handle a cease & desist A freelance writer who provided you with content A domain broker who helped you sell one of your domain names There are exceptions. First, you only need to send a 1099 to a U.S. person or entity that you paid $600 or more during the year. Second, you don’t have to send them to most corporations and LLCs that are organized as S-Corps or C-Corps. (The exception to this is law firms.)...

Full article: http://domainnamewire.com/2015/12/31/1099-tax-forms/

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