How to Issue a 1099-NEC to Independent Contractors (2026)
📋 Key Takeaways: Issuing 1099-NEC Forms The Threshold: You must issue a 1099-NEC if you paid a US-based contractor $600 or more in the course of your trade or business via cash, check, or direct bank transfer. The Exceptions: Payments made to corporations (C-Corp or S-Corp) or via credit card/third-party networks (like PayPal) are exempt … Read more