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1099 Independent Contractors and Backup Withholding

In 2005, a Texas masonry business hired and utilized several subcontractors to perform the labor necessary on behalf of the business.  For the tax years 2005-2008, the business owner had filed Form 1099 to report the payments made to the subcontractors, but several of those 1099s filed lacked the required Taxpayer Identification (“TIN”) numbers.  Pursuant […]