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Beginning with the 2020 tax year, the IRS requires business taxpayers to report nonemployee compensation on Form 1099-NEC instead of on Form 1099-MISC. Businesses need
Beginning with the 2020 tax year, the IRS requires business taxpayers to report nonemployee compensation on Form 1099-NEC instead of on Form 1099-MISC. Businesses need to use Form 1099-NEC if they made payments totaling what amount or more to a nonemployee, such as an independent contractor
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The Solitary Auditor
Authors: Michael Knapp
1st Edition
161163878X, 978-1611638783
