Independent contractors, the IRS, and some state governments need 1099 forms. Learn how to report non-employee compensation.
You might receive this document if you have freelance work, investment income, retirement distributions or other financial ...
This form was new for 2020 and replaces the old Box 7 of Form 1099-MISC. “NEC” stands for “non-employee compensation”. It is due to recipients and the IRS by January 31st (or the first ...