contractor-1099
Installation
SKILL.md
1099 Contractor Management
Track payments to independent contractors, determine who needs a 1099-NEC, collect W-9s, and file on time to avoid penalties.
When do you need to file a 1099-NEC?
File a 1099-NEC for each person or non-corporate entity to whom you paid $600 or more during the calendar year for services performed in the course of your trade or business.
Threshold change for 2026: Starting with tax year 2026, the reporting threshold increases from $600 to $2,000. This means fewer 1099s to file, but you should still track all contractor payments — the threshold could change again.