1099 Forms

1099 & W9 FORMS

Form 1099-MISC or 1099-NEC needs to be prepared for each person or business to whom you have paid at least $600 in services, rents or other income payments.
This doesn't apply only to corporations but any Limited Liability, Partnership, Proprietorship or individual supposed to receive 1099 form (subcontractors, rent payments, cleaning, professional fees).

The due date for sending out 1099-NEC Forms is 01/31/23.

The best way to receive complete information from businesses or individuals necessary to prepare 1099 is to have them provide W9.
Companies are familiar with this request and some have ready forms to send out quickly. Some may just tell you that they don't need 1099 but you should still have them fill out W9, so you have information on the paper.