Microwave signals travel through the air at approximately the same speed as light through a vacuum and will have a latency of approximately 5.4 microseconds for every mile of path length. Light travel in optical fiber has a latency of 8.01 microseconds for every mile of cable, due to the refraction in the fiber.
However, if you are an independent contractor or self-employed you will receive a Form 1099-MISC from each client that pays you at least $600 during the tax year. For example, if you are a freelance writer, consultant or artist, you hire yourself out to individuals or companies on a contract basis.owever, if you are an independent contractor or self-employed you will receive a Form 1099-MISC from each client that pays you at least $600 during the tax year. For example, if you are a freelance writer, consultant or artist, you hire yourself out to individuals or companies on a contract basis.
For both of these forms, the IRS and myself are the only recipients, so I would simply send the 1099-S (Copy A) and the 1096 form to the IRS. Here's an example of what those forms might look like: It's also worth noting that if you sell multiple properties for which a 1099-S filing is required, you will need to fill out a separate 1099-S form for each sold property but you only need to complete one 1096 transmittal form.