YES, reporting 1099 Contractor payments as a small business owner is necessary and REQUIRED!
Let's dive deeper into the differences between these forms...
Hired independent contractors over the course of the year? Let's file 1099-Misc forms with the IRS.
What's the difference between 1099-MISC, 1099-K, and 1099-NEC Forms? Let's clear the confusion and understand each one of these forms.
If you are looking to get some answers to all "end of the year tax questions", including 1099s, this episode is for you!
Reporting requirements for Employees and Contractors. Who reports to a W2 and who reports on a 1099.