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I paid my workers and subcontractors cash. no 1099 forms. Do I say yes or no to this question?

 
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I paid my workers and subcontractors cash. no 1099 forms. Do I say yes or no to this question?

Why didn't you issue them 1099-NEC forms?  All businesses must file a Form 1099-NEC form for nonemployee compensation if all four of these conditions are met:

  • It is made to someone who is not your employee.
  • It is made for services in the course of your trade or business.
  • It was made to an individual, partnership, estate, or corporation.
  • The payments made to the payee were at least $600 or more for the year.

 

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