What’s a 1099?

Whether it’s your first year filing 1099s or you’re a seasoned pro, it’s always a good idea to refresh your knowledge and ensure you’re keeping up with the ever-changing requirements.

SO, WHAT IS A 1099?
Simply put, a 1099 is a form used to report income to the IRS. Each type of 1099 reports a different type of income. For the purposes of this guide, we’ll be focusing on the 1099-NEC: Non-employee Compensation. A 1099-NEC reports payments for services from a non-employee that total over $600.

If you’re a small business owner who works with contractors (oryou are a contractor yourself), you’ll want to keep reading!

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