Navigating the tax landscape can be challenging, especially when it comes to determining if you are required to issue a 1099.
What is a 1099?
A 1099 form is a tax document used to report various types of income, other than wages, salaries, and tips. If you're among the millions of taxpayers who owns a business or is self-employed, and you've made payments for the services you need to operate your business, you may be required to send out a 1099.
There are some tricky scenarios and transactions that may or may not necessitate the issuance of a 1099. Select your situations below to see what we recommend!
Disclaimer: for educational purposes only, please consult your tax professional before filing your 1099s