Contractor/Vendor 1099 Filings

Support from Day One – And Beyond.
Paying independent contractors means you’re responsible for 1099 compliance. We handle the process from start to finish—tracking payments, collecting W-9s, and issuing forms—so you can stay in good standing with the IRS while avoiding penalties and delays.

–1099 Contractor/Vendor Filings
Let us take care of making sure your contractors and the IRS have the necessary information and documentation to be able to accurately file their taxes and cover your bases at the beginning of the year.

Stay Compliant. Avoid Penalties. Simplify Your Year-End.

Hiring independent contractors or paying vendors over the year? You’re likely required to file Form 1099-NEC or other 1099 forms to report those payments. At Finveritas Bookkeeping, we take the confusion, deadlines, and data-chasing off your plate so you can focus on running your business—not worrying about the IRS.

We’ll make sure your contractors receive their forms on time and that you’re fully compliant with federal filing requirements.

---

Key Features

• W-9 Collection & Verification
  We gather, review, and store contractor W-9 forms to ensure accurate tax reporting.

• 1099 Filing Preparation & Submission
  Preparation and electronic filing of 1099-NEC or 1099-MISC with the IRS and appropriate state agencies.

• Contractor Copy Delivery
  Digital or mailed copies should be sent directly to your contractors by the January 31 deadline.

• Year-End Reconciliation
  We double-check your records to ensure all eligible payments are included and nothing gets missed.

• Secure Record Storage
  Digital filing archives are available to you for audit or future reference.

---

How It Works

1. Initial Setup
   You provide us with your vendor list and access to financial data (or we pull it directly if we manage your books).

2. W-9 Collection & Payment Review
   We verify each vendor’s tax ID and determine if they meet the IRS thresholds for reporting (e.g., $600+ per year).

3. Form Preparation
   We complete the appropriate 1099 forms, cross-check for errors, and submit everything electronically to the IRS and applicable states.

4. Contractor Delivery
   We send your vendors their 1099 copies securely and on time—no printing, stuffing, or mailing on your part.

5. Compliance Confirmation
   We provide proof of filing and keep digital copies on file in case of audit or questions later on.

---

Why Use Finveritas for 1099 Filings?

• We know the rules—so you don’t have to.
  IRS rules change often. We stay current so your filings are always up-to-date and accurate.

• We reduce your risk.
  Avoid IRS penalties, misclassified workers, or incomplete filings that can cost you later.

• We handle the details.
  No more chasing contractors for W-9s or worrying if you filed the right form.

• We deliver peace of mind.
  Once we file, you’re done. No forms to print. No midnight tax headaches.

---

Your Business Benefits By…

• 🧾 Avoiding IRS fines for late or incorrect filings

• 🧑‍💼 Maintaining professional relationships with contractors

• ⏱ Saving time at year-end with a fully managed process

• 🔐 Having digital proof of compliance ready for audit protection

• 💬 Getting expert answers anytime questions pop up

---

Top 5 FAQs – 1099 Filing Services

---

1. Who do I need to issue a 1099 to?

Generally, you must issue a 1099-NEC to any independent contractor or vendor you paid $600 or more during the year for services. This does not usually apply to corporations or payments made via credit card or PayPal (which are reported separately by processors).

---

2. What happens if I file late or miss someone?

The IRS can impose penalties ranging from $60 to $310 per form—plus interest or scrutiny in audits. The earlier you file, the lower your risk.

---

3. What if I don’t have all the W-9s collected?

We can assist in tracking down or requesting missing W-9s and advise on backup withholding if needed. The sooner we get started, the easier this process is.

---

4. Can you file for contractors from previous years?

Yes, we can help you file late or corrected 1099s for prior years. It’s better to file late than not at all.

---

5. When are 1099s due?

• Contractor copies must be sent by January 31

• IRS filings are also due January 31 (if submitted electronically)

---

Ready to file the right way—and on time?
Let us handle your 1099s so you can start the new year with peace of mind, not paperwork.

[Schedule a 1099 Filing Consult Today]
One quick call. Full compliance. Zero stress.