Generally, 1099’s are required to be issued to any unincorporated entity
you pay $600.00 or more during the year.
Housing Solutions Alliance can assist you in meeting this
requirement.
For us to
prepare your 1099s for you, we will need a detailed recap of all such payments
you made during the year. This listing
would need to include at a minimum, the person or entity’s name, address,
taxpayer identification number and amount paid.
If you
are a fee accounting client, you may also employ us to help you in constructing
this list.
If you employ us to write checks for you (for
example, Housing Authorities who administer Section 8 Programs and make monthly
rental payments to Landlords) we may already have a good portion of this list
constructed for you.
We do ask
that you notify us by October 31st (if possible) that you want us to
do your 1099s for you, so that we may have an adequate supply of forms on hand
to meet demand. If you desire assistance
in constructing the required list please notify us as early in the year as
possible as part of the documentation we may need to refer to in
constructing the list may have already been shipped either back to you or to an
auditor.