Lynx LedgersLyn Ledgers
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Annual compliance

1099 preparation

At year-end, we prepare and send the 1099s for your subcontractors — and to the IRS, without you having to think about it.

  • 1099-NEC generation for each eligible contractor
  • Sending to contractors (email + physical)
  • E-file to the IRS
  • Copy for your records

If you paid more than $600 to a 1099 contractor in the year, you're REQUIRED by law to: 1. Issue a 1099-NEC form for them (by January 31) 2. Send a copy to the IRS Not doing it = $310 penalty per missing 1099 (can reach $1,110 if intentional).

Who it's for

  • Any business that paid 1099 contractors during the year

    $600/contractor limit — if exceeded, 1099 is mandatory, no exceptions.

  • Contractors, construction firms, services

    Industries with high subcontractor volume — where 1099s become a January battle.

  • Businesses wanting to avoid IRS penalties

    No control = no 1099 issued = guaranteed penalty. We prevent it.

What's included

  • 1099-NEC generation for each eligible contractor
  • Sending to contractors (email + physical)
  • E-file to the IRS
  • Copy for your records
  • Compliance report

How it works

  1. 01

    January arrives

    We already have all year's payments logged — no last-minute work.

  2. 02

    We generate the 1099s

    Automatically, based on the data accumulated throughout the year.

  3. 03

    We send to the contractors

    By email + physical copy for those who prefer paper.

  4. 04

    Filed with the IRS

    Direct e-file — you stay in compliance without lifting a finger.

  5. 05

    You get confirmation

    All done, compliance OK, and a report with totals per contractor.

Common questions about this service

  • What if I don't have the W-9s from the contractors?

    Then we have to chase them — without W-9, you're required to do backup withholding (24%). Better to collect before the first payment, not in January.

  • Do you also do 1099-MISC?

    Yes. For rents, royalties, prizes, etc. — any required 1099 we cover.

Ready to outsource this?

Send a WhatsApp message and we'll prepare your 1099s before the January deadline.