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  2. What is Form 1099-NEC? - AOL

    www.aol.com/2020-10-19-what-is-form-1099-nec...

    Businesses will need to use this form if they made payments totaling $600 or more to a nonemployee, such as an independent contractor.

  3. IRS 1099 Tax Form Explained: Here’s Everything You ... - AOL

    www.aol.com/irs-1099-tax-form-explained...

    However, the 1099-MISC has been replaced with the 1099-NEC for independent contractors. Form 1099-MISC, Miscellaneous Income, is still used for at least $10 in royalties or at least $600 in rent ...

  4. 1099 vs. W-2 Employee: What’s the Difference and What ... - AOL

    www.aol.com/1099-vs-w-2-employee-235407110.html

    A 1099-NEC, which stands for nonemployee compensation, is the form used to report compensation to independent contractors, freelancers and any work not typically reported using a W-2. 1099 forms ...

  5. Form 1099 - Wikipedia

    en.wikipedia.org/wiki/Form_1099

    Form 1099. Form 1099 is one of several IRS tax forms (see the variants section) used in the United States to prepare and file an information return to report various types of income other than wages, salaries, and tips (for which Form W-2 is used instead). [ 1] The term information return is used in contrast to the term tax return although the ...

  6. IRS tax forms - Wikipedia

    en.wikipedia.org/wiki/IRS_tax_forms

    Form 1099 series is used to report various types of income other than wages, salaries, and tips (for which Form W-2 is used instead). Examples of reportable transactions are amounts paid to a non-corporate independent contractor for services (in IRS terminology, such payments are nonemployee compensation).

  7. Form 1099-MISC - Wikipedia

    en.wikipedia.org/wiki/Form_1099-MISC

    In the United States, Form 1099-MISC is a variant of Form 1099 used to report miscellaneous income. One notable use of Form 1099-MISC was to report amounts paid by a business (including nonprofits [1]: 1 ) to a non-corporate US resident independent contractor for services (in IRS terminology, such payments are nonemployee compensation), but starting tax year 2020, this use was moved to the ...

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