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Does the IRS expect me to issue my Vendor a 1099?
An Obligation for Every Business
Businesses are required to file and send vendors copies of select information returns to the IRS on payments made for certain purchases to certain entities in the course of their trade or business. Often, businesses are under the impression that they only need to issue 1099s for independent contractors, but there are several other types of vendors that will require a 1099-NEC or 1099-MISC.
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