3 Easy Keys to Understand the 1099-NEC Requirements in 2023
If you are a small business and are unsure about who you are required to send 1099’s and 1099-NEC to this January 31st deadline, read on. Since 2020, form 1099-NEC (non-employee compensation) replaces prior years’ Box 7 of 1099-MISC. You could previously report non-employee compensation along with other miscellaneous income using that form, but no …
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