Did you hire independent contractors? Remember to issue 1099′s…
When you have made payments during the year to independent contractors (those who are not your employees), you have to issue a Form 1099-MISC. These payments have to be reported if they were made during the course of your occupation or business. Specifically, a Form 1099-MISC must be issued when you make payments for a total of $600 or more for services rendered by contractors, subcontractors, attorneys, accountants, directors, and others.
For detailed instructions and requirements click here: http://www.irs.gov/pub/irs-pdf/i1099msc.pdf
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