This year, you have a new informational form to submit to the IRS at the end of the year. It's called 1099-NEC. This new form is intended just for Nonemployee Compensation (NEC) vendors and is used by businesses to send to the IRS and to the vendors. This week, I am going to share the high-level details to help you add this task to your to-do list. Who should get this? A nonemployee compensation that made at least $600 in the entire year.Services performed by someone who is not your … [Read more...] about What is the 1099-NEC form?
What is the 1099-NEC form?
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