How to 1099 Someone: NEC vs. MISC Explained

Описание: Need to understand how to 1099 someone without missing a step? Hiring contractors, freelancers, and gig workers is an effective way to complete projects without committing to full-time employees. But you'll need to know when and how to properly issue 1099s to stay compliant with IRS requirements.

In this video, ‪@OnPay_Payroll‬ subject matter expert and certified public accountant ‪@NoelLorenzanaCPA‬ walks you through the complete 1099 process – from determining who needs one to filling out the forms correctly and meeting critical deadlines.

What is a 1099
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Video chapters
0:00 Meet Noel
0:43 The Basics - What is a 1099?
1:56 Employee vs. independent contractor
2:29 How do you tell the difference?
3:35 Who gets a 1099?
5:21 When does the W-9 come into play?
6:15 Choosing the right form: 1099 NEC vs. MISC
7:14 Filling out the forms
8:31 Deadlines and details
9:34 Common pitfalls to avoid
10:42 What happens next?
11:23 Bottom line on 1099s


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The content in this video is for informational purposes only. Please consult with a tax professional or financial advisor for specific guidance regarding your payroll, legal, or business needs.

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