Does This Apply To My Business?

The 1099-MISC forms must be issued to any person that you have paid at least $600 in rents, services or other income payments. Typically, you should issue form to any independent contractor that you paid $600 to during 2004. For example, if you paid a designer $1,500 to build and maintain a website in 2004 for your business, a 1099-MISC filing would be required. As with practically any IRS filing, there are additional situations that require a 1099 filing [ex: any fishing boat proceeds], so make sure you cover your bases by looking at relevant instructions. Generally, you are not required to report payments to a corporation.

When and What Must Be Filed?

The 1099-MISC form is a multi-layered carbon form, so make sure information you provide appears clearly on all of copies. Once you have filled out form, you must provide Copy B to person that you are reporting to IRS by January 31, 2005. Using our previous example, you would mail Copy B to your website designer before end of January.

Many Americans dream of being able to make their own schedule, spend time with family, and make a steady income all while staying at home.

With technology of today that dream has come true for many. The internet keeps us free from paperwork and punching a clock. It makes business portable and less complicated.

The Home Business Manual shows that 33 percent of small business owners are women, with 47 percent operating from a home base.

Home-based businesses are now being recognized as a viable source of new jobs and economic growth, according to msucares.com.

People are choosing to create their own jobs at home rather than seek employment elsewhere. Now home-based businesses make up 62 percent of all small businesses, according to manual.

Several of these work at home opportunities being advertised are said to be misleading by those who have tried them, such as myself.

Stuffing envelopes, online surveys and assembling crafts are just a few of business telling people they will make hundreds of dollars a week just filling out surveys or mailing brochures.

Then there are those such as AVON, Mary Kay, Mellaluca, Tupper Wear and so on, that promise high incomes when in actuality you only receive a small percentage of your sales.

These types of business schemes obviously do not work or everyone would be pretty well-off money wise.

Some of these companies never even send materials promised, after they have received payment. These are scams! People are making money off of individuals trying to make money to provide for themselves and/or their families.