NEED HELP WITH 1099s? MAZUMA HAS YOU COVERED!
Mazuma can help your business save stress, stay compliant, and easily file and distribute 1099s. To opt-in, simply fill out this short form and we’ll work with you to complete your 1099s.
The deadline to opt-in is December 31st.
Next Steps
Once you have opted in to our 1099 services, a new task will appear on your Mazuma Dash homepage. Simply:
- Have your contractors fill out a W9 form
- Upload those completed W9s in your Mazuma Dash
- We’ll send you all the information to review to ensure we have all the details we need.
- Our team will take care of the rest by filing and distributing your 1099s!
Do You Need to Send 1099s?
Are you wondering if your business needs to file a 1099? If you’ve paid someone who is not an employee for work or services this year, you likely have to file Form 1099-NEC. Failure to do so could result in fines from the IRS.
If your payment meets the four following conditions, you likely need to report the payment to the IRS on a 1099.
- You made the payment to someone who is not your employee;
- You made the payment for services in the course of your business (including government agencies and nonprofit organizations);
- You made the payment to an individual, partnership, LLC or estate;
- You made payments totaling at least $600 during the year with a check or ACH.
If you have any questions, reach out to our team! We can help walk you through the process and whether or not you are required to file a 1099.
