BUSINESS SERVICES

NEED TO FILE YOUR EMPLOYEES' W2 OR FORM1099 OR FILE AN EIN APPLICATION?
"WE FILE YOUR YEAR-END W2 AND FORM1099 FOR YOU"

W2 AND FORM1099
BUSINESS SOLUTIONS

WHEN ARE YOU REQUIRED TO ISSUE 1099

When you hire a person or a company, known as an independent contractor, and pay their fee for the work they have done, you are required by the IRS to give the contractor a Form 1099 if you paid them over $600.

 

WHAT IS A FORM1099

You must be careful with the Form1099 for each type of payment you pay the contractor. A Form1099 is an information return filed with IRS telling them about who your company paid money to during the year that was over $600. The most used Form1099 forms are the 1099Misc and 1099Nec.

 

You need to use Form1099Misc when:

  • You have paid at least $10 in royalties or broker payments

  • Paid at least $600 in

  • Rents

  • Prizes

  • Awards

  • Medical payments

  • Insurance proceeds

  • Cash payments in the purchase of a trade

You need to use Form1099NEC when:

  • You have paid to a person or company that is not an employee, considered as Nonemployee Compensation

  • Used to report:

    • $600 or more​

    • For services completed

    • Cash payments for business

    • Payments to a lawyer

    • Payments to a person or company that is not your employee

w2 1099 form

When is Form1099 not required to be filed

 

You do not have to file Form1099 with the IRS if:

  • Your company was not involved in a business or business actions

  • Your company did not pay over $599 to any person or business​

Form1099 NEC deadline is January 31 or the next business day if January 31 falls on the weekend

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WHAT WE DO FOR YOUR BUSINESS WITH W2 AND FORM1099 FILING

It does not matter whether you are an existing company or a startup company, we make sure you do not get run down figuring out when you are required to issue a Form1099 or W2 Form 2021 or the preparation, filing, and distribution of Form1099 or W2 Form 2021.

 

We make the filing and reporting process easy for you to continue with your business as normal. We prepare, file, and send your company’s Form1099 and W2 Form 2021 for you. You provide us with the information required by the IRS, and we manage the rest for you, while you continue to manage your business normally in peace. 

It's simple. Contact us, and we prepare, file, and send your Form1099 and W2 for you, your employees, contractors, and the IRS.

Simple!