Monthly Archives

October 2020

What is the 1099-NEC tax form?

Beginning in the 2020 tax year, the IRS will require business taxpayers to report non-employee compensation on the new 1099-NEC form instead of the 1099-MISC form. Businesses will need to use this form if they have made payments totaling $!-->…

What is IRS Tax Form 1099?

IRS Form 1099 is a document businesses use to report taxable payments they have made to vendors and independent contractors for service, rent, and other items. Freelancers and independent contractors receive this form for work they did…