While Form 1099-MISC is used to report payments that aren't subject to self-employment tax, 1099-NEC reports non-employee compensation.

Form 1099-MISC (for payments not covered by other 1099 forms), and Form 1099-NEC (for nonemployee compensation) have been ...

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Form 1099-MISC: Miscellaneous Information, is an IRS form used to report certain types of nonemployee compensation.

While there are many types of Form 1099, they all serve to report non-employment income to the IRS.

Form 1099-NEC is used for reporting compensation paid to non-employees. Here's what you need to know.

The income tax deadline is April 15 for most taxpayers. But taxpayers in Florida, North Carolina, and other areas hit by disasters have until May 1.

To know whether a contractor requires a 1099 form for services rendered, send them a W-9 form to fill out. The form gives their tax ID and the company's legal status as a sole proprietor ...

When filling out Form 1099-MISC and Form 1099-NEC, make sure you have the right information for both you and the one who received the payment. You can find relevant information on the employee's W-9.

While Form 1099-MISC is used to report … Continue reading → The post Form 1099-MISC vs. 1099-NEC appeared first on SmartAsset Blog.