Did you distribute your 1099 NEC?

If you paid out $600.00 or more for services rendered, you are required to send the payee a 1099 NEC. This applies to businesses and nonprofits. Several exceptions for reporting exist such as to corporations unless the corporation consists of attorneys. Don't miss the January 31st deadline because penalties are steep. For assistance and specific guidance visit Bookme.name/TaxDivas or IRS.gov.