Got Contractors? Get Form 1099-NEC
As a small business owner, you’re probably familiar with the 1099 series of tax forms. If you’ve hired any independent contractors during the previous year, you’ll need to issue them Form 1099 Misc to report their earnings to the IRS. But what about workers who are non-employees? That’s where Form 1099 NEC Tax comes in. This form is for workers who are treated as self-employed, but who don’t quite the IRS. New Form 1099 NEC, which is used to report payments made to independent contractors for services rendered. This form is in addition to Forms 1099-MISC and 1099-K, which are …