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What Is Form 1099-NEC for Non-Employee Compensation?

While you’re likely familiar with various forms from the IRS already, there’s another tax form that should be on your radar: Form 1099-NEC. Form 1099-NEC, non-employee compensation, was revived as of the 2020 tax year. Now, instead of reporting compensation that you paid to non-employees (like freelancers and independent contractors) on Form 1099-MISC, that information…

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