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AM I REQUIRED TO FILE A 1099NEC OR 1099MISC? As a business taxpayer, the IRS requires you to issue and file a Form 1099NEC or 1099MISC to each person or company to whom you paid $600 or more in 2021.
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You are required to comply with the regulations and guidelines outlined in the document.
Any individual or entity who meets the criteria specified in the document is required to file.
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The purpose of the document is to collect specific information for regulatory or compliance purposes.
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