Question: Sergio is self - employed in pallet schedule C form 1 0 4 0 profit allows for business. He paid three independent contractors more than

Sergio is self-employed in pallet schedule C form 1040 profit allows for business. He paid three independent contractors more than $600 doing 2023 for their services. He failed to provide for 1099 NEC before February 1,2024 to the three independent contractors he provided the form on May 26,2024. What is Sergio's Total ability for failure to furnish the information returns

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!