A 1099-MISC is required to be issued if *YOU* paid an individual more than $600 during the tax year. You do not issue 1099-MISCs for income received. Only for debt paid out if it exceeds $600 to any one individual.
You *REALLY* need to get professional help on this, because depending on how your business is structured it "could" be looked at as you receiving all the income produced in the business, and then "YOU" paid the independent contracts their cut. If the IRS sees it that way, then "YOU" would be the one fined for not sending out 1099-MISCs to your independent contractors "YOU" hired. Then all the fines and penalties you would have assessed on you would make the cost of professional help seem like a pittance in comparison.
So for your own sake, as well as the sake of your wallet, seek professional help on this yesterday, if not sooner. One thing to note is that if your state also taxes personal income, then if it's assessed that you should be the one issuing 1099-MISC's, those fines and penalties could be a double wammy on you.
