How to Read Form 1099-NEC: For Businesses & Independent Contractors
A box-wise explanation to read and e-file Form 1099-NEC easily. Tax season is picking up speed as 2020 is coming
Category: 1099 Forms
Form 1099-MISC Vs Form 1099-NEC: Difference & Filing Requirements
Learn the difference between the 1099-MISC and 1099-NEC forms and the correct way to file them to the IRS. Earlier
How Form 1099-NEC Replaces Box 7 on Form 1099-MISC for Tax Year 2020-2021
With Box 7 eliminated from Form 1099-MISC, the new Form 1099-NEC is where businesses have to report nonemployee compensations. As
A Complete Guide to the New IRS Form 1099-NEC (Nonemployee Compensation)
The IRS has carved out the Nonemployee Compensation segment from the 1099-MISC form and introduced 1099-NEC as a separate form
Take Advantage of Tax1099’s Real-Time TIN Matching Feature
Easily verify your vendor information, avoid penalties, and file securely with Tax1099’s unique TIN matching feature. As tax year rolls
Changes to Form 1099-MISC For 2020-2021
Some hefty changes have been made to the 1099 forms by the IRS for 2020-2021. 2020 is coming to an
Difference Between An Employee And An Independent Contractor
When it comes down to a company appointing someone to perform a particular task, the best two options are usually
What Is Form W-2G?
Form W-2G is used for certain gambling winnings and serves as a way to report financial winnings and federal income
What Is Form 5498?
What is form 5498 – Individual Retirement Arrangements (IRA) file 5498 for payments made in settlement of a reportable payment
What Is Form 1099-NEC?
This Form 1099-NEC is used to report non-employee compensation; it is a new form as of the tax year 2020.
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