What is a Form 1099-NEC Used For? - TurboTax Tax Tips & Videos
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WebApr 5, 2024 · Businesses use IRS Form 1099-NEC to report non-employee compensation of $600 or more, or whenever they withhold federal income taxes. In this article, we'll look at the details of Form 1099-NEC, including its purpose, reporting obligations, and how it affects both businesses and independent contractors. TABLE OF CONTENTS. What is Form … Reviews: 153.4K
Reviews: 153.4K
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