Article Date:
July 2024

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1099s for Corporations and Other 1099 Surprises

You may be surprised by this headline, thinking, What? I must give a 1099 to a corporation? Are you kidding me?


No, we’re not kidding. It’s only certain corporations, but still—this may be a shock.


As you know, when your business makes payments of $600 or more from your business accounts to a person for services, you must send that individual a Form 1099-NEC and also file a copy with the IRS.


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