1099s Are Due This Month — What Small Business Owners Need to Know
Running a business is a lot — 1099s don't have to be. If you paid contractors $600 or more last year, 1099 forms are due by the end of this month.
Who Needs to File a 1099?
If your business paid any individual or unincorporated business $600 or more during the tax year for services, you are generally required to issue them a 1099-NEC. This includes freelancers, independent contractors, and service providers who are not incorporated.
What Happens If You Miss the Deadline?
Late or missing 1099s can result in IRS penalties, which start at $60 per form and increase the longer they go unfiled. Getting them done correctly and on time is far easier than dealing with penalties later.
How Christine Can Help
If you're unsure whether you need to file 1099s, or you'd like help making sure they're done correctly and on time — reach out now. I'm happy to help small business owners in Warner Robins, Macon, and across Middle Georgia stay compliant and stress-free.