Must You Send 1099 Forms to Contractors Paid Via PayPal or Credit Card?

The deadline for mailing 1099-MISC forms to recipients this year is February 2, 2015.

Here’s a frequent question we get here at Small Business Trends.  It concerns payments you made to vendors, independent workers and service providers last year via PayPal or credit card:

If my small business paid independent contractors or other businesses using PayPal or a credit card, must we send them a 1099-MISC form for federal income tax purposes?

Must You Send 1099 Forms to Contractors Paid Via PayPal or Credit Card?