Thursday, February 10, 2011

Are utilities and insurance considered services or goods for 1099 purposes?

Need to determine if it is necessary to send companies providing utilities (gas, electric, internet, etc.) and insurance (med, dental, retirement, etc) a 1099 form,
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currently no, but in 2012 very likely it will be necessary, the deluge of the use of 1099's will be overwhelming
Source

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