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How to Prepare 1099s for Contractors: Step-by-Step Checklist

How to Prepare 1099s for Contractors: Step-by-Step Checklist

To prepare 1099s for 2025, gather W-9s from all contractors, review payments of $600 or more, confirm which vendors require a 1099, verify tax IDs and totals, and file forms with the IRS before the January deadline. Start early to avoid penalties and ensure accurate reporting.

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