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Hey guys, its Ginny Silver. And today Im going to talk to those of you who are small business owners who had independent contractors. And now you must send them a business. Or, if you are self employed and you hire out an independent independent contractor in order to perform services for you or your business, youre required to send them out a 1099 if you paid them the amount of $600 or more during that taxable year. Now please note, I am not a CPA nor am I a tax preparer, so this video does not substitute contacting a tax professional. This is merely compounding resources for you as small business owners because this information can be quite confusing and many dont know where to go. Now, if you paid any individuals as independent contractors, meaning that you did not hire them on as an employee, but they provided their services for your business and you pay them directly in the amount of $600 or more, then you are required to file a 1099 NEC, which stands for Non Employment Compen
