While most 1099s aren’t due until February 29 (March 31, if you file them electronically), any Forms 1099-MISC for which Box 7, Nonemployee Compensation, is checked must be filed by January 31, regardless of whether you are filing on paper or electronically.
You are required to issue a Form 1099-MISC for nonemployee compensation to any individual, unincorporated business, and any attorney, regardless of entity type, to whom you paid more than $600 for services during 2019. A limited liability company that is treated as something other than a C-corporation or an S-corporation is considered to be an unincorporated business and would, therefore, need to receive a 1099.
If the amounts paid to a recipient include items other than services, such as for materials or expense reimbursements (e.g., postage, telephone, mileage, etc.), those amounts would not need to be reported in the total amount of nonemployee compensation on Form 1099-MISC.
To help you determine which of your vendors require a 1099, we recommend you have any new vendor provide you with a completed Form W-9 when they first begin providing services for you. This form, which you should maintain in your records, provides you with the vendor’s Federal ID number and entity type.
Please contact Edwards, Ellis & Associates office if you need assistance preparing any 1099s.
