Episode 25: Understanding 1099 Rules - Are You Issuing 1099s Correctly?

In this week's episode of Purposeful Profit, I'm clearing up the confusion I see among small business owners around the requirements for 1099 reporting. 

And this confusion is leading to 1099's being issued for incorrect amounts, to people who should not receive one, not being issue to those who should get one.

🎧 Listen to this week's episode and get the 1099 rules broken down for you in simple terms. You'll learn:

➡️ Who you should be issuing 1099’s to and who you shouldn’t
➡️ How to ensure you are applying the rules correctly
➡️ What to do if you get a request for a W9

Mentioned in “Understanding 1099 Rules” :

• Continue the conversation and book a free financial health assessment

• IRS Form W9

• IRS 1099-NEC Instructions

Other Resources:

• Get your Simple Financials Bookkeeping Template

• 30 Day Money Mindset Challenge

Listen to the Full Episode:

Enjoy the show?

• Don’t miss an episode: Follow the show on Spotify, Apple Podcasts or listen on your favorite podcast player

• Leave a review on Apple podcasts

Full Episode Transcript: