This form is required by the IRS, for employers to provide any subcontractor that worked for you and earned over $600 during the year. In case of an audit, the IRS will be looking for filling compliance, or else the expense will be disallowed. The penalty for not filing Form 1099 is between $50 – $ 270 per 1099.
Payments to Attorneys: If you are reporting payments made to attorneys during a tax year, you must fill out Form 1099-MISC, box 10. This form is due by March 31st if you file electronically, or February 28th for paper forms.
