What Is Form 1099-NEC?

Author: External Author | | Categories: Accountants , Accounting Firm , Bookkeeping Services , Small Business Accountant , Small Business Accounting

Small businesses often hire freelancers, independent contractors, and others to provide services. Payments to these non-employees must be reported for federal tax purposes, on Internal Revenue Service (IRS) Form 1099-NEC.

This article describes Form 1099-NEC, how to complete it, and when to send the form to the IRS and recipients.

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Original Article Source Credits:   The Balance Small Business , https://www.thebalancesmb.com/

Article Written By:  Jean Murray

Original Article Posted on:  January 12, 2022

Link to Original Article:  https://www.thebalancesmb.com/what-is-form-1099-nec-for-nonemployee-payments-4781974



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