Ultimate Guide to Preparing 1099 Forms for Contract Workers: 2024 Compliance Checklist

If you've paid $600+ to independent contractors this year, listen up - the IRS expects your 1099-NEC forms filed by January 31. But here's the kicker: 34% of businesses face penalties for late or incorrect filings according to the 2024 IRS Compliance Report. Why risk $330 per form in fines when proper preparation takes less time than your morning coffee? [2024-12-09 11:53]