It's time to start thinking about year-end reporting. Here's a couple reminders from our office... Is Your Ranch or Business Required To Issue 1099s? Form 1099 is required to be issued to individuals and LLCs who provided at least $600 in services for your trade or business throughout the year. Those services may include rent, custom hire, attorney fees, repairs, payments made to independent contractors or payments to anyone with whom you split a portion of your crop or livestock sales. The IRS and State of MT impose harsh penalties for failure to file Form 1099 and more emphasis than ever is being placed on their correct filing. The 1099 distributing deadline is January 31 st , so we must receive your information as soon as possible. If you wish our office to prepare your 1099s, please provide the following information by January 20 th to give us time to prepare your forms: Name, Address, SSN/EIN, Total Amount Paid...