ROCK HILL, SC / ACCESSWIRE / January 7, 2021 / Tax season is in full swing, and employers are preparing to meet their Form W-2, 1099-MISC, and 1099-NEC deadlines with the IRS and SSA. Businesses ...

ROCK HILL, SC / ACCESSWIRE / January 25, 2021 / The February 1, 2021 tax season deadline is just a week away. Employers are working to file Form W-2, 1099-NEC, and 1099-MISC and mail out their ...

To remove this confusion, the IRS announced in 2020 that it would reintroduce Form 1099-NEC, with a due date of Jan. 31 (Feb. 1 for the 2020 tax year, because the due date falls on a weekend).

You can catch a glimpse of the draft form 1040 for the 2019 tax year, which feels a lot more like 2017 than 2018, here.) Form 1099-NEC is no exception.

Here’s a crash course for each type of form, followed by an FAQ. 1099-NEC This form was new for 2020 and replaces the old Box 7 of Form 1099-MISC. “NEC” stands for “non-employee ...

Whether you're a business owner who relies on independent contractors or you make your living as a freelancer, understanding the difference between Form 1099-MISC and 1099-NEC is critical to ...

Starting with 2020, this nonemployee pay is reported on Form 1099-NEC: Nonemployee Compensation. These forms generally report business payments—not personal ones.

Whether you're a business owner who relies on independent contractors or you make your living as a freelancer, understanding the difference between Form 1099-MISC and 1099-NEC is critical to ...

Form 1099-NEC only has one filing deadline, which is Jan. 31. If you're a freelancer or independent contractor, you should receive your 1099-NEC by this date. Unlike Form 1099-MISC, there are no ...