What is a 1099 Form and why should a small business care?

So what is a 1099 form?  The dreaded Form 1099-MISC may be one of the worst, most-time consuming requirements that the IRS puts on small businesses.  However, we are all compelled to send out the forms although if I was you I would outsource the crap out of it.  Even if you outsource the filling-out and submission of the form it is essential that you understand the why and how. Continue reading