Every January, 1099 forms trip up business owners—and the mistakes aren’t harmless. File late, use the wrong form, or skip filing altogether, and the IRS penalties can get brutal fast.

In this episode, we break down exactly what a 1099 is, who must receive one, and when you’re required to file. You’ll learn the difference between a 1099-NEC and a 1099-MISC, the $600 threshold that actually matters, and why corporations aren’t always exempt. We also cover the most common (and costly) mistakes business owners make, including failing to collect W-9s and misunderstanding deadlines.

If you’re a business owner, freelancer, or advisor who wants to avoid unnecessary IRS penalties—and keep your compliance tight—this is required listening.

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