Who requires a 1099
Generally, payees who are non‑employees and not corporations, over the annual threshold, need a 1099. Always request a W‑9 up front.
Which forms: 1099‑NEC vs 1099‑MISC
- 1099‑NEC: Nonemployee compensation.
- 1099‑MISC: Rents, prizes, other payments.
Deadlines & penalties
Provide copies to recipients and file with the IRS by statutory dates to avoid tiered penalties.
Tools & workflows
Collect W‑9s at onboarding, track vendor totals, and e‑file through approved platforms.