Who should receive a copy of Form 1099-NEC?
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Last modified 1/7/2022 8:07:43 AM EST
Applicable To
94X
1099
W-2
ACA
W-4
According to the IRS, any trades or businesses should issue Form 1099-NEC if any one of the following conditions are met,
- Paid an individual for the service rendered who is not on your payroll.
- Paid for services related to trade or business. This includes payments made to government agencies and nonprofit organizations.
- Paid an individual, partnership, estate, or a corporation.
- Made payments to the payee of $600 or more during the tax year.