I understand that as business paying for goods and services I do not need to issue 1099-MISC forms and that PayPal will issue a 1099-K for accounts that exceed these two threshholds: $20,000 USD in gross payment volume from sales of goods or services in a single year 200 payments for goods or services in the same year But what if they do not exceed those threshholds yet have received over $600 in payments? As a business paying for services, am I still responsible for sending 1099-MISC forms if those threshholds are not met?
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