January 31st is the deadline for businesses to issue 1099-NEC, 1099-MISC, 1099-INT, 1099-DIV, 1099-K and W-2s. Copies of these are sent to various agencies when issued.
Financial institutions have until February 15th 2025 to send their information.
If you have a business (Schedule C, Schedule E, Partnership, Sub S or C Corp) and you paid a contractor over $600 during 2024, you are required to send them a form 1099NEC.
AccounTax of Oregon Inc provides this service. To avoid potential penalties, our deadline for processing is January 27, although we can process year-round.
We will need the payee’s name, address, social security number and amount paid in 2024 to process (if the payee is a corporation, the 1099 is not required). Please have the contractor to fill out a Form W-9.
Please call our office to set up this service.
