I hired more than 10 contractors to remodel my rental during 2022 and 2023.
Never issued 1099-Nec to them (since I didn't know I need to, especially for LLC, I thought they are bussiness so no need to issue 1099, but later found that if they are not s-corp or C-corp I still need to issue 1099).
I started to collect W9 from them.
question:
for payments made at 2023, it's already past the 1/31/2024 deadline, do I still continue to issue 1099? do I automatically get fined?
for payments made at 2022, it's way pass the deadline, what should I do?
