Frequently Asked Questions

The general answer is no, but the question is technically open to more than one interpretation. A foreign independent contractor is not a 1099 worker ...

Yes, employers must file a 1099 form in many instances for payments you make to a freelancer. Use Form 1099-NEC when you pay your freelancer ...

Employers should not file a 1099 form for payments sent to a tax-exempt nonprofit organization. Check to confirm that any business you sent a payment ...

The short answer is, sometimes. You may find yourself required to file a 1099 form for specific payments that you made to a foreign corporation. ...

The short answer is, no, you do not. Employers do not prepare 1099-NEC or 1099-MISC forms for any of their credit card business-related payments. The ...

Yes, there are certain instances when employers must send a 1099 form for reimbursements to their employees. Businesses, in general, must issue a 1099 for ...

Yes, the Internal Revenue Service provides certain exemptions for filing 1099 forms for freelance workers. Familiarize yourself with the exceptions before you hire a contractor. ...

Issue a corrected 1099 form as soon as you notice that you made an error on one. The Internal Revenue Service generally prefers to receive ...

Electronic filing deadlines for 1099s depend on the specific type of 1099 form. Your window for e-filing may extend through March 31. File Form 1099-NEC ...

There is no hard deadline for when you must file your business’s corrected 1099s. Aim to submit amended forms to the Internal Revenue Service within ...

A 1099 employee is someone who is a business owner or contractor that provides services to other businesses. The Internal Revenue Service generally qualifies these ...

Missing a 1099 deadline is not the end of the world, but you will likely face some consequences from the Internal Revenue Service. Do not ...

Employers who file 941 late will likely encounter the Failure to Deposit Penalty. The IRS’ penalty applies to employers who fail to make employment tax ...

Yes, but all businesses must file an amended 1099 form if they make a mistake on their original form. The Internal Revenue Service’s penalty depends ...

Yes, your business will incur a penalty from the Internal Revenue Service if you file a late 941 form. Complete Form 941 correctly and by ...

For your business, the answer is no. Your business must file 1099 forms to report non-employee compensations. These services can range anywhere from paying independent ...

There is not a separate 1099 correction form if you make an error during filing season. Use the same form as the original 1099 that ...