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Does Homebase file a 1099-NEC for all Contractors?
February 10, 2023 16:46
Homebase files W-2 and 1099-NEC forms when mandated at the federal, state and local level. Currently, the IRS only requires 1099-NEC forms to be filed with contractor payments of $600 and above or if there is backup withholding. States may have lower thresholds for filing which Homebase will file accordingly.
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