In general, a Form 1099-MISC should be filed for each person to whom an employer has paid one or more of the following:
A 1099 must be issued to an individual, LLC taxed as a sole proprietor or partnership, that you paid $600 or more to in the prior tax year in cash or checks. A company taxed as an s-corp or c-corp would not receive a 1099. If you paid a vendor with paypal or a credit or debit card, a 1099 is not required because they will receive a 1099K from the processing company.
To issue a 1099, we need a copy of the individual's form W9 (so we can identify their legal name, address and EIN / social security number) as well as the total amount that you paid them. We also need your own company contact information, name, address and EIN number. Our fee to issue a 1099 is $20 per form if the contractor is new to our system and $12 per form if the contractor has already been set up in our system in a prior year. The Deadline to submit 1099 forms is January 31st at 5 PM. Requests received after January 27th will have a $5 late fee added to each form.