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  2. What is Tax Form 1099-NEC? [Video] - AOL

    www.aol.com/finance/tax-form-1099-nec-144400972.html

    If you're self-employed, the 1099-NEC form specifically reports Nonemployee Compensation which you may have previously gotten on a 1099-MISC. Watch this TurboTax Support video to learn more.

  3. Form 1099 - Wikipedia

    en.wikipedia.org/wiki/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 latter term ...

  4. TaxAct - Wikipedia

    en.wikipedia.org/wiki/Taxact

    TaxAct is a member of the Free File Alliance, a free federal tax preparation and electronic filing program for eligible individual taxpayers developed through a partnership between the IRS and a group of private sector tax software companies. In November 2022, private equity firm Cinven agreed to acquire TaxAct for about $720 million. Cinven ...

  5. Form 1099-MISC vs. 1099-NEC: Which Do I Need For Taxes? - AOL

    www.aol.com/form-1099-misc-vs-1099-140000945.html

    Businesses use IRS Form 1099-NEC to report $600 or more in non-employee compensation (NEC). Generally, these contractor payments go to a person who is subject to self-employment tax.The IRS says ...

  6. 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 ) 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 ...

  7. TaxAct vs. TurboTax: Which Is the Best Tax Software? - AOL

    www.aol.com/finance/taxact-vs-turbotax-best-tax...

    See how the free versions of TaxAct and TurboTax compare. ... income reported on a 1099-INT or 1099-DIV ... most basic federal return using Form 1040. Although you can also use TaxAct Free to ...

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