Preparing Forms 1099-NEC can be difficult, but we are here to help simplify things!
- Determined who must receive a Form 1099-NEC;
- Collected your business taxpayer information;
- Sent for and retrieved your payee information through a completed W-9 form;
- And finalized and collected the payment amounts from your accounting system.
Sounds like you are good and ready to complete and file your 1099-NEC forms.
However, before you press that print or e-file button, take a moment to review your information and forms for accuracy in order to avoid potential penalties or other problems. Continue reading Common Errors for Form 1099-NEC – TY2020