L & M Tax Plus
Need Help with 1099 Forms? We've Got You Covered!
At L & M Tax Plus, we specialize in preparing 1099-NEC forms for independent contractors, freelancers, and small businesses. Whether you're a business owner needing to report payments or a contractor expecting your 1099, we are here to ensure everything is filed accurately and on time.
Our 1099 Services Include:
-
Expert preparation of 1099-NEC forms
-
Accurate reporting of payments to contractors
-
Timely filing to meet IRS deadlines
-
Guidance on compliance and tax requirements
Don't risk penalties or errors. Let us handle the paperwork while you focus on growing your business!
Contact us today to schedule your 1099 preparation appointment!
❌ Income that does NOT go on a 1099-NEC:
-
Payments to corporations (usually)
-
C corporations and S corporations typically don’t get 1099-NEC except:
-
Attorney fees (even if they're incorporated)
-
Medical/healthcare payments
-
-
-
Employee wages
-
These go on a W-2, not a 1099-NEC.
-
-
Rent payments
-
These go on 1099-MISC, not NEC.
-
-
Payments made via credit card (merchant services) or third-party apps (PayPal, Venmo, etc.)
-
These are reported by the processor on 1099-K, so you don't report them on a 1099-NEC.
-
-
Purchases of goods, utilities, or products
-
Only services are reported on the 1099-NEC.
-
-
Reimbursements with proper documentation
-
If reimbursing an independent contractor and they provide receipts, that may not be reportable.
-
The information provided here is for general informational purposes only and does not constitute legal, tax, or accounting advice. While efforts are made to keep the content accurate and up to date, laws and regulations are subject to change. For advice specific to your situation, please consult a qualified tax professional, accountant, or attorney. The author and provider of this information disclaim any liability for actions taken based on this content.