What to collect
✓
W-9 forms
✓
legal names
✓
addresses
✓
tax identification numbers
✓
payment totals
Tax Resource
1099 Readiness Guide
A practical guide for businesses that pay contractors, vendors, landlords, attorneys, or other service providers.
What to review
✓
who was paid
✓
how much was paid
✓
what type of service was provided
✓
how payments were made
What to avoid
✓
waiting until January to collect W-9s
✓
mixing personal and business payments
✓
ignoring vendor classification questions
Important: This guide is general educational information. Tax rules depend on your facts, location, entity type, records, and timing. Confirm your specific situation with a qualified tax professional.