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1099-MISC vs 1099-NEC: Which Form to Use?
1099-MISC vs 1099-NEC: Which Form to Use?
1
Books Merge
1 post
If you pay independent contractors, you've likely heard about the 1099-NEC and 1099-MISC non-employee compensation goes on the 1099-NEC . The 1099-MISC is now used for other payments like rent, prizes, or royalties. Using the wrong form can delay filings. Always double-check what you're reporting to stay IRS-compliant and avoid penalties.
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