You want to avoid paying $630 in penalties. Listen up. Tax season is upon us. And if you own a business or even a rental property, you have responsibilities to the IRS or you will get this huge penalty. This form is called the ten ring. And if you own a business or even a rental property, you’re supposed to send it tonight.
If anyone you paid over $600. There are some people that you can exclude, for example, escorts or corporations. But for the most part, you need to pay attention if you actually owe this form. The other companies also have the same responsibilities. If you notice, you will get your W-2 and your ten nine any by January and by next month, all these brokerages will send you your name for the dividends, interest and other miscellaneous income.
So pay attention. You’ll get these forms in your mail and be ready to file your taxes and avoid that penalty if you actually owe that form to someone else. So if you have any questions regarding these forms or you have any other tax questions, please check my mail and schedule. Call me more and happy to help you out.
