Personal Finance
1099 NEC vs 1099 MISC: What You Need to Know to File Your Tax Returns in 2022
In 2020, the IRS re-introduced the 1099-NEC form to report independent contractor income, also known as non-employee compensation. Before the change, freelancers, contractors, self-employed individuals, and other contingent workers received a 1099-MISC, which is now only used for certain types of…
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