“Sole proprietors need to keep their own records because they aren’t necessarily going to get a 1099-NEC,” says Annette Nellen, professor and director of the graduate tax program at San Jose ...
IRS Forms 1099 are critical to IRS information return matching so the IRS can match your tax reporting and send tax notices ...
A variety of 1099 Forms are used to report income to the IRS Erika Rasure is globally-recognized as a leading consumer economics subject matter expert, researcher, and educator. She is a financial ...
That’s the most generic income category. Or, the client paying a bill might issue a Form 1099-NEC, the new form for payments to independent contractors for services. If you receive the new NEC ...
1099-NEC and 1099-MISC (issued by the University to various independent contractors, attorneys, others) Form 1099-NEC is issued by the University to individuals that were paid for: Independent ...
Knowing when to issue which kind of 1099 form to someone you paid money to can be a mystery to small business owners, but ...