Mar 132014
 
Common Mistakes Made by Taxpayers with Form 1099

Tax season has now arrived, and taxpayers are hurrying to get their returns completed in time.   However, for those who receive Form 1099, they need to take certain precautions because making mistakes can cost them a significant amount of money.  Below are three traps that many taxpayers who receive Form 1099 fall into. Mistake 1:    Forgetting to watch your mail-Taxpayers who receive Forms W-2 typically are careful to watch for this form in the mail.  However, many taxpayers who receive Form 1099 are often careless by not      watching out for it.  These taxpayers should be sure to watch out for More…