Year-End 1099-NEC Prep: Get W-9s Now, Not in January
If you paid $600+ to contractors (services) you likely owe a 1099-NEC. The #1 headache is missing/incorrect W-9s (name/TIN mismatches).
Do this now
- Collect W-9s for every contractor (legal name, entity type, address, TIN).
- Flag who gets 1099-NEC vs. 1099-MISC/INT.
- Separate reimbursements from fees.
- Export vendor totals from your books and match to payments (Zelle/Venmo/wires).
- Plan to e-file and keep proofs.
Edge cases
- S-Corps/C-Corps usually don’t get 1099-NEC (exceptions exist).
- Law firms often get 1099-MISC even if incorporated.
- Marketplaces may issue 1099-K—still reconcile your totals.
How Black Inc can help
We’ll chase W-9s, scrub vendor data, and e-file 1099s with a clean audit trail—no January panic.
Black Inc Tax — Los Ángeles + Virtual (EE. UU. y Canadá)
Same-day consults. Clear action plan. Compliance done right.
📞 (323) 364-5589 • ✉️ Message us to get started today.