You can use Form 8809 to file for a 30-day extension in order to gather the documentation needed. Then you need to request a Form W-9 from your payees that received more than $600 in payments from you in 2022 that were for any of the types listed here:
- For each person to whom you have paid at least $600 for the following during the year (Form 1099-NEC:(
- Services performed by someone who is not your employee (including parts and materials)
- Cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish
- Payments to attorneys (including law firms or other providers of legal services)
- For each person to whom you have paid the following during the year (Form 1099-MISC:(
- Rents (Box 1)
- Royalties (Box 2)
- Other income (Box 3), including prizes and awards
- Federal income tax withheld (Box 4), including backup withholding
- Fishing boat proceeds (Box 5)
- Medical and health care services (Box 6)
- Substitute payments in lieu of dividends or interest (Box 😎
- Crop insurance proceeds (Box 9)
- Gross proceeds paid to an attorney, for example in a settlement agreement (Box 10, but payments to attorneys for services are reported on Form 1099-NEC)
- Fish purchased for resale (Box 11)
- Section 409A deferrals (Box 12)
- Excess golden parachute payments (Box 13)
- Nonqualified deferred compensation (Box 14)
This reporting process is also not required if the business you paid is incorporated. This means if the LLC's you paid have chosen to report their taxes as a corporation, you do not have to send a Form 1099. This identification is found on Form W-9 in Box 3.
@danielle-51
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