What You Need to Know to Complete 1099 Forms

November 2019 | Tool

Running a business never comes with a shortage of to-do items, especially when it comes to year-end planning. As you work through the close of this year and the beginning of the new one, it’s important to think through your employee-employer relationship and how you treat payments to those individuals.

1099 vs. W2
The relationship between the organization and the person performing services for your organization is incredibly important. If the individual is considered an employee, you are required to withhold payroll tax. However, if the person performing the services is an independent contractor, you do not need to withhold payroll tax.

When it comes to year-end planning forms, your employees receive Form W-2, while your independent contractors receive Form 1099-MISC.

Learn more about the difference.

What is a 1099 form and who needs a 1099?

The 1099 form series is a set of information returns that document payments to individuals who performed services for your organization.

If your company hires independent contractors throughout the year, then the 1099 form should be top of mind.

Our 1099 eBook has what you need to understand, and correctly fill out, the 1099 forms.

The book includes:

  • How to complete and correct the various forms
  • Common mistakes on the 1099 forms
  • Dates and deadlines to remember

Get the 1099 eBook
Complete the form below and you’ll receive immediate access to our 1099 eBook via email with an attachment you can save for later reference.

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