Business Financial Tax Updates
IRS Reintroduces Form 1099-NEC for Reporting Nonemployee Compensation
IRS Reintroduces Form 1099-NEC for Reporting Nonemployee Compensation In recent years, Form 1099-MISC has been used to report payments of $600 or more for services performed in a trade or business by someone who is not an employee. However, beginning with the 2020 tax year, the IRS has reintroduced Form Read more…