Who should receive a copy of Form 1099-NEC?
129 views | Last modified 12/24/2020 5:16:15 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.

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