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many business owners dont quite understand their responsibilities as it relates to issuing the 1099 NEC and 1099 miscellaneous tax forms which by the way is totally understandable as the rules are quite confusing just look at the IRS instructions for completing these forms its 12 pages long so what Ive done is Ive compiled this video to provide you with everything you need to know related to 1099 so if you continue watching Im going to cover what is the 1099 form used for and are you required to issue a1099 if you are required when are the due dates of these forms what are the penalties for not issuing them Ill also explain the many exceptions to when you may not need to issue these forms and Ill touch on how to keep track of this throughout the year to make this process less painful for you in the future and if you stick around to the end Ill give you a pro tip on what you can do to avoid issuing 1099s altogether so I do recommend watching this video in its entirety as it will
