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Who must inform the Internal Revenue Service of monies being Paid?

April 26, 2017inform internal revenue service monies paid

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Who must inform the Internal Revenue Service of monies being Paid?

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The Internal Revenue Service (IRS) requires that a Form 1099-misc be sent to Any Individual whom is paid more than $600 in a calendar year. ZipLabor will issue IRS form 1099-misc to Organizations. Demanders are required to report all income to the IRS and should check with their Tax Advisor.