1099 NEC Reporting

Did you pay an individual $600 in the prior year? Does the individual an employee? If “No”, then you need to issue a 1099 information return. As per the IRS, to report contractor income you must file Form 1099 MISC or 1099 NEC. So, when the contractor performs services related to your business then issue […]

1099 NEC filing circumstances: Did you pay a person for working for your business or trade of about $600? Does that person work as a part of your business? If “No”, then report the payments made to a non-employee through the 1099 NEC Tax Form. 1099 NEC Tax Form reports only for non-employee payments. We’ll