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Meets all government and IRS filing requirements.Popular format for reporting miscellaneous payments and non-employee compensation.
Quality Paper: Government approved 20# bond paper.
Paper Filing Due Date: To IRS, February 28th // To Recipient January 31st. Printer Compatibility.
Printer Compatibility: Compatible with laser or inkjet printers.
Tax forms per sheet: Two filings per sheet.
Amounts to Report: Generally, $600 or more (All Amounts or $10 or more in some cases)
[It’s IMPORTANT to know that the IRS has released 2024 a new form for reporting money your business pays to contractors. This new form, called the 1099-NEC, is short for Non-Employee Compensation,1099 miscellaneous form will still be required for reporting other income such as rent, royalties, healthcare payments, etc.]