Form 1099-NEC – The Burns Firm – Advisors of Complex Financial Matters

Businesses: Get Ready For the New Form 1099-NEC

August 11th, 2020|Categories: Accounting, Burns Firm, Business, Services, Tax, Tax Return|Tags: 1099-NEC, CPA Dallas, Form 1099-NEC, IRS forms, new tax form for 2020, non-employee compensation form to file for tax purposes, tax, The Burns Firm, what form do I use for non-employee compensation|

There’s a new IRS form for business taxpayers that pay or receive nonemployee compensation. Beginning with tax year 2020, payers must complete Form 1099-NEC, Nonemployee Compensation, to report any payment [...]