Does Your Business Need to File Forms 1099-NEC or 1099-MISC?

Article Highlights: 1099-NEC Filing RequirementsIndependent Contractor Filing ThresholdForm W-9Form 1099-MISC If you use independent contractors to perform services for your business, for each one that you pay $600 or more for the year, you are required to issue the worker and the IRS a Form 1099-NEC no later than January 31, 2022, for 2021 payments. [...]