While many would prefer to “think about that tomorrow” or in January, time spent now can significantly affect how hectic your January will be.
The best practice is to have new vendors provide a completed W-9 before issuing a payment. We also recommend reviewing 1099 vendors a few times throughout the year and requesting any missing W-9s. Imagine skipping the frantic race to hunt down vendors to get information in time to prepare 1099s by late January. Let’s get started!
Now is a good time to refresh your understanding and begin gathering information.
Click Here to visit our Resources page or the links below for more information on forms 1099-NEC and 1099-MISC.