25. Understanding 1099 Rules - Are You Issuing 1099s Correctly?
Description
In this week's episode of Purposeful Profit, I'm clearing up the confusion I see among small business owners around the requirements for 1099 reporting.
And this confusion is leading to 1099's being issued for incorrect amounts, to people who should not receive one, not being issue to those who should get one.
Tune into this week's episode and get the 1099 rules broken down for you in simple terms. You'll learn:
➡️ Who you should be issuing 1099’s to and who you shouldn’t
➡️ How to ensure you are applying the rules correctly
➡️ What to do if you get a request for a W9
Mentioned in this episode:
- Continue the conversation and book a free call
- IRS Form W9
- IRS 1099-NEC Instructions
Other resources:
Get your Simple Financials Bookkeeping template
Get Your 30 Days of Money Mindset Prompts
For the full show notes, including the transcript, go to www.carlamoats.com/podcast/episode25
DISCLAIMER: The information in this podcast is for informational purposes only and does not constitute an accountant-client relationship. While we use reasonable efforts to furnish accurate and up-to-date information, we assume no liability or responsibility for any errors, omissions or regulatory updates.
United States
