IRS Forms 1099-MISC and 1099-NEC
Miscellaneous Income and Non-employee Compensation The IRS has made a significant change to one of their most used annual tax forms the Form 1099. Beginning with tax year 2020, employers will use new Form 1099-NEC to report non-employee compensation and the Form 1099-MISC has been redesigned and revised for reporting other income. Redesigned Form 1099-MISC. […]
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