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Get your taxes done using TurboTax

It depends whether the consultants you hired were employees or contractors. If they were contractors, you need to issue them a 1099-NEC. Form 1099-NEC will report all nonemployee compensation to independent contractors. 

 

You will provide a copy of 1099 to the IRS, State Department of Revenue, and to the recipient ( the contractor). You will also want to keep a copy for yourself for your records. When sending a 1099 copy to the IRS, also fill and send Form 1096 which reports all 1099 forms issued to contractors and the total dollar amount of payments.

 

If the consultants you hired were employees, then you will need to issue them a W-2. Additionally, if you provided health insurance to your employees, you will also need to issue them a 1095-C which will report their coverage.

 

Please visit How to create 1099 & W-2 in TurboTax for more information on how to create these forms for your consultants.