Q: Who needs to file a 1099NEC?
A: Any business that paid $600+ to contractors, freelancers, or non-employees for services. This threshold is for 2025.

Q: What about 1099MISC?
A: Use 1099MISC for rent payments, royalties, legal fees, and certain prizes or awards.

Q: Do you provide W-9 forms?
A: Yes! I’ll review, request, and track them from your payees.

Q: When is the IRS deadline?
A: All 1099NEC and 1099MISC forms must be filed by typically by the end of January after your prior year end.

Q: What does the Base price Include?
A: The base price of $500 includes obtaining and tracking the W-9 forms, Filing up to 5 (each type) 1099NEC and 1099MISC forms through the end of January 2026. There is a $150 discount for any small business that contracts with YFM on a monthly basis. Once you are a YFM monthly client, the 1099 filings will be included in your fees for the 2026 tax filing year.

Q: What are the additional fees?
A:

> Additional Forms- based on 1099NEC or 1099MISC forms to file (6–10): $20 each

>Additional Forms-based on 1099NEC or 1099MISC forms to file (11+): $25 each

>Rush Filing (Jan. 25–31): $75 per form type (1099NEC or 1099MISC) for last-minute filings before the IRS deadline.

>Corrections: $25 per for type (1099NEC or 1099MISC) for changes after submission to the IRS (and states where applicable).

Q: What is the timetable for service?
A: The service will run from the time you hire me through February 15, 2026. If any corrections need to be done, they will be covered through September 15, 2026 at the fee noted above.