Don't overlook these!
Updated for 2012
Form 1099-MISC must be issued to each independent contractor you paid $600 or more during the tax year.
Deadline for Issuing and Filing Form 1099-MISC:
Contractor Operating Business Out Of a Corporation:
If the individual who provides the services to your business is operating his/her business in the corporate form (he/she is both a shareholder and employee of his/her own corporation), then Form 1099 is NOT required to be issued to that service provider or to his/her corporation.
You'll know if the person is operating in the corporate form if you receive a bill with corporation's name on it and your check is payable to the corporation (payee) rather than the individual.
Paying the Corporation:
A corporation is a separate legal entity, separate and apart from its owners.
So, when you issue a check for services provided by a person operating out of a corporation, be sure the corporation's name is identified as the payee on the check.
The person providing the service is an employee of his/her corporation and is paid by the corporation; Form W-2 is issued to the shareholder/employee by the corporation.