Small businesses pay many vendors: contractors, mechanics, shops, freelancers. At year end, some of them need a Form 1099.
For each vendor, keep
- Name, contact and what they provide.
- Payment terms.
- Whether a W-9 is on file, collected before the first payment.
- Total paid this year.
Year-end
The IRS sets the payment threshold for issuing a 1099, and it was raised for payments starting in 2026. Check the current rules with your tax preparer, and the vendor list will show who to review.
Our vendor list tracks W-9s and yearly totals.
General information, not legal, tax or financial advice.
This article is general information, not legal, tax or regulatory advice. Rules change; confirm current requirements with the responsible agency or a licensed professional.
