Filing 1099s
If your Inn compensates an individual for services, such as administrative support, you may be required to file an IRS Form 1099. Currently, the IRS requires an organization issue a 1099 to each individual who is paid more than $600 in a calendar year. If you have any individuals to whom this applies, please be sure to comply with this requirement. There is a free electronic filing service available with the IRS at the following website: https://www.irs.gov/filing/e-file-forms-1099-with-iris. Filing should be done in a timely manner following the end of the calendar year.