07
Dec
1099-NEC & W-9 Cleanup: Avoid Mismatch Notices
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...Read More