Question

What are independent contractors who are not incorporated and to whom more than $600 was paid during the year need to be issued a Form 1099-Misc with the amount that was paid. This form is also filed with the IRS.

a) True
b) False

Answer 1

Independent contractors who are not incorporated and receive more than $600 in payments must be issued a Form 1099-MISC and the form must also be filed with the IRS.

Step-by-step explanation:

Independent contractors who are not incorporated and to whom more than $600 was paid during the year need to be issued a Form 1099-MISC with the amount that was paid. This form is also filed with the IRS.

Therefore, the statement is true.