It is important to point out that in some cases, small business owners have tax reporting or withholding requirements, even where there is no actual tax liability associated with the business.

A good example of a tax reporting requirement is the submission of 1099/1096 issued annually doxycycline online. All persons and businesses are required to report certain payments made to independent contractors. These 1099 and 1096 forms essentially notify the IRS that this professional should be claiming payments received as income. This helps keep people accountable in their reporting of income.

The rules defining who should receive a 1099, how much should be reported, and by when is outlined at:,,id=98114,00.html or you can ask a tax professional. The most common, but not only reporting requiring is the 1099-MISC.