I file 1099-MISC for the landowners I pay land rent to. I also have generally issued a 1099-MISC to anyone who I pay more than $600 for work on my rental properties. I see that now I need to issue a 1099-NEC to independent contractors that I pay more than $600. I'm curious: how do I determine who is an independent contractor and who is working for a company? For instance: a fence company, owned by the person performing the work. My guess is that I need to send them a W9 and then issue a 1099-NEC. I base this on that they don't list themselves as an LLC or other business type. Am I doing this correctly? I assume its better to err on the side of requesting a W9 for anyone performing work for me?
