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January 15, 2024
Question

1099NEC for closed business ?

  • January 15, 2024
  • 1 reply
  • 0 views

I paid a contractor $2650 last year. I am in the process of filing 1099 NEC's but the business is now closed and no longer operating. What should I do? 

    1 reply

    VolvoGirl
    Employee
    January 15, 2024

    Whose business is closed?   Yours or the contractor?  If his, still issue him a 1099NEC.   Don't know what to do if your business closed.