What is required for an audit?
In order to complete your audit, we’ll need you to submit the following documents:
• Subcontractor forms (all 1099s, 1096, and Certificate of Insurance for policy period)
• IRS Form 941: Employer’s Quarterly Federal Tax Returns for the last four quarters. If this document is not available, submit one of the following:
- State Unemployment Quarterly Returns for the last four quarters
- Schedule C of the Federal Income Tax Return for sole proprietors
- Form 1065 for LLCs Partnerships
- Form 1120 for Corporations
Failure to submit these documents by the requested date can result in an increase in your premium.