14
Jan
Most organizations must issue 1099-NECs for amounts paid to third parties by the end of January, but a lot of people don’t realize there is an exception for freight services. Does this exception apply to your company?
Many companies still issue 1099-NECs to freight contractors, but there are some downsides to it. Besides the effort and cost involved in sending out 1099s, the IRS can match 1099s filed with their records and send out notices to the filer.
These matching issues...