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Perspective

Mar. 2, 2017

Practical tips to know about Form 1099s during tax time

It's that time of year again, when IRS Forms 1099 arrive. Perhaps no one likes IRS Forms 1099 except the Internal Revenue Service. By Robert W. Wood

Robert W. Wood

Managing Partner
Wood LLP

333 Sacramento St
San Francisco , California 94111-3601

Phone: (415) 834-0113

Fax: (415) 789-4540

Email: wood@WoodLLP.com

Univ of Chicago Law School

Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.

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By Robert W. Wood

It's that time of year again, when IRS Forms 1099 arrive. Perhaps no one likes IRS Forms 1099 except the Internal Revenue Service. The agency loves them, because they allow for the easy computer matching of Form 1099 data against tax returns. Businesses may not like sending the forms out, but there are penalties for failing to issue them. Besides, no one wants trouble from the IRS. So as all the forms descend this time of year, h...

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