Page 35 - Keeping Business Records
P. 35

Information Returns Forms (2/2)























                                      A                             B                              C















                Form 1099-MISC                                     Form W-2                                     Form 8300



        Use Form 1099-MISC,                             You must file Form W-2, Wage and Tax          You must file Form 8300,
        Miscellaneous Income, to                        Statement, to report payments to your         Report of Cash Payments
        report certain payments you                     employees, such as wages, tips, and           Over $10,000 Received in a
                                                        other compensation, withheld income,
        make in your trade or                           social security, and Medicare taxes. For      Trade or Business, if you
        business.                                       more information on what to report on         receive more than $10,000

                                                        Form W-2, see the Instructions for            in cash in one transaction
     https://lentcpa.com                                Forms W-2 and W-3.                            or two or more related          33
                                                                                                      business transactions.
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