Article From Realtor Magazine- New Law Regarding 1099 Tax Form Information

Do you own a rental property?  A new law requires an IRS 1099 form to the handyman and other vendors.

Starting this year, you must start tracking all vendors doing at least $600 worth of work for you.  The federal law requires you to send them an IRS 1099 form.  Late filing or failure to file will result in penalties up to $250.

In order to avoid being late, start carefully tracking your payments to vendors.

GREG & LISA DOYLE- GREG DOYLE- LISA DOYLE- WWW.THEDOYLETEAM.COM- REAL ESTATE IN SAN RAMON- HOMES FOR SALE IN SAN RAMON- SHORT SALE IN SAN RAMON