TELL ME WHAT I NEED TO DO!
Collect your W-9’s from vendors
Complete this Pro Forma
Once you have your documents, upload
1099 pro tips
1099-NEC is used to report Non Employee Compensation.
Anyone paid by credit card or via a provider like Stripe, PayPal or Square, will get a 1099-K from the payment processor.
1099-NEC should only be issued for services, not physical product purchases
The 1099 is issued to the vendor and a copy sent to the IRS
Rents, royalties, prizes and rewards of more than $10, should be reported on 1099-MISC.