IRS Independent Contractor Forms due by 31 January 2022

If in 2021 your business paid to anyone in the US least $600 of nonemployee compensation (fees, commissions, awards or other form of compensation for services performed) you’d better check if you need to file Forms 1099-NEC to report it.

In order to prepare respective Form 1099 remember to ask for a signed copy of Form W-9 that includes the name, address and tax ID number which is a social security number or a federal identification number. Those forms W-9 are generally good for 3 years, so check your files.

The due date for submitting the forms to the IRS is 31 January 2022 with a copy going to your contractors too. And reach out if you need help!