1099-NEC Filing Requirements

Link to PDF

Above, there's a link to a PDF that will walk through how to complete a W9 form to help determine whether you may have a 1099-NEC filing requirement. This only applies to business owners.

The basic premise of the 1099-NEC is to track payments for Services (and not Goods) to self employed contractors and disregarded entities. A key tests are that the if the recipient is not a Corporation (C Corp or S Corp) and you didn't pay them via credit card, there is likely a filing requirement if payment exceeds $600 in a year.

Flowchart to help determine requirement

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If you have any questions on how the W9 works, or when it might be needed, feel free to reach out via the contact form.