15340civy146hm9It’s a holiday week, so I’m re-publishing popular posts from the past.

I’ve done a few posts on issuing 1099s to veterinarians, and all of those posts are popular. This one from September 2014 addresses the question of “when does the 1099s to veterinarians” rule start?

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Originally published September 11th, 2014

My blog post in January about issuing 1099s to incorporated veterinarians has become one of the most popular posts I’ve ever written. It’s generated phone calls, e-mails and questions. The most-common question is: when do we need to start issuing 1099s to incorporated veterinarians? When does this rule start?

The answer is: there’s not a “start date” to this rule. The IRS’s guidance was in a letter ruling that simply said “yes, 1099s should be issued to incorporated veterinarians.”

In other words, the IRS says it’s how things have always been.

Which brings up a question of: what about prior years? I suppose the IRS would say the technical answer is to file the 1099s late. That seems like crazy talk to me. I would lean towards starting to issue the 1099s from the time of the IRS ruling (December 2013) and forward.

“This blog post, along with comments that may follow, should not be considered tax advice. Before you make final tax or financial decisions, please secure a professional tax advisor to give you advice about your unique situation. To secure Jason as your accountant, please click on the ‘Services’ link at the top of the page.”