Posts Tagged 1099-MISC
Review your 2011 1099-MISC and supporting 2011 financial documentation online on your Owner Portal
Posted by Jerry in Uncategorized on February 4, 2012
Your 2011 1099-MISC for the rental income received has been uploaded successfully to your Owner Portal. Additionally, Income Statements separated by building (if applicable), as well as Income Statements for the entirety of 2011 and Year End Owner Statements have also been uploaded to your portfolio. Your accountant will need to review these documents while [...]
New 1099 Rules: President’s Speech Offers Hope for Some Relief; Exceptions for Rental Income Reporting Remain Vague
JANUARY 27, 2011 For small businesses that were dreading the thought of having to produce a Form 1099 for every payee to which they paid at least $600, President Barack Obama offered the prospect of relief in his State of the Union speech Jan. 25 when he said, “We can start right now by correcting [...]
New Rules Require Rental Property Owners to Issue 1099s
NOVEMBER 11, 2010 The recently enacted Small Business Jobs Act contained one provision that may have escaped the notice of taxpayers who own rental property, but will affect them starting in January. Under the provision, owners of property who receive rental income will be required to issue Forms 1099 to service providers for payments of [...]