file 1099-NEC by Jan 31

[lianilychee]

IRS instructions

In plain language, from this random form generator website:

The IRS requires businesses to file a copy of the 1099 form with them and mail another copy directly to the independent contractor, so that the IRS can predict how much tax revenue to expect from self-employed individuals. The IRS also stipulates that a business is responsible for sending a 1099-MISC form when someone provides: rents, services (including parts and materials), prizes and awards, or other income payments.

Steps:

• Find a 1099-NEC generator -- tax1099.com
• Create account
  • Confirm phone number with board
• Create purchase order for the contractor for TY 2024 #415
• Create the 1099 in the generator
  • Double check the "account number" field -- was autogenerated; is that a problem?
• File the 1099 with IRS (should be handled by the generator)
• Send the 1099 to the contractor

[lianilychee]

closing this ticket, since filing is done. "create purchase order" is less time sensitive and has been spun out as a different ticket