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hey its patti scharf CPA and co-founder of catching clouds the leader in e-commerce accounting today I want to talk about w9s and 1099s because those 1099s are coming up do like the end of next month and I dont want you guys to be scrambling so I want you to get started now all right so what is a 1099 a 1099 is kind of like a w-2 for your independent contractors so you know how like when youre an employee for somebody else and your employer pays you to do work and at the end of the year you get a w-2 and you use that to prepare your income tax return same deal for independent contractors independent contractors theyre providing services to lots of different people and they need to get 1099s from all those different companies so that they can put it all together and report it to the IRS now the IRS actually is using it just to make sure that the service providers are reporting all of their income thats kind of whats going on here so but you have an obligation as the one who is hir
