1099 Flowchart

In January of every year, it is time to file 1099 forms for your organization's vendors. If you often wonder which vendors require a 1099 or have to search for answers online, our flowchart can assist you in determining if a vendor needs a 1099 or not.

You can download the guide and keep it easily accessible for the rest of the year as you work with vendors.

(click the image to download in PDF)

New vendor
When you hire a new vendor, request that they send you a copy of their W-9.  It has the information needed to prepare 1099s.  If a vendor will not send their W-9, you may be required by the IRS to withhold 28% of payments to the vendors.

System to send 1099s from:

• QuickBooks Online

• Tax1099

• Track1099 (what we use)

If you only have a few and want to save on the costs, you can always do them by hand and mail them. Just make sure they are postmarked 1/31.