New 1099 NEC Form Due on Feb 1st, 2021 | 1099 NEC Filing Deadlines
1099 MISC Form for an Independent Contractor
New 1099 NEC Form Due on Feb 1st, 2021 | 1099 NEC Filing Deadlines: Do you about the significant changes made in 2020 by the IRS? The IRS has made significant changes in 2020 as to how NEC must be reported. In the past, the compensation paid to non-employees reported through 1099 MISC. but beginning […]
Why E File 1099 NEC Form?
Form 1099 MISC Online Filing is the responsibility of the payer who is paying more than or equal to 600$ to an individual contractor over the year? If you are the payer for your business or company or trade, then E-File 1099 MISC Form for your independent contractor. For the 1099 MISC Form Filing process, […]
What is the Difference between 1099 MISC Form and Form W-2?
Why E File 1099 NEC Form? The IRS reintroduce form 1099-NEC for non-employee compensation and Form 1099-NEC is expected to return in 2020 after a 38-year absence. The main purpose of the form 1099-NEC is used to report nonemployee compensation. Payers or business persons will use the 1099-NEC form to report specific payments currently reported […]
What is the Difference between 1099 MISC Form and Form W-2? Are you confusing with the 1099 MISC and the W-2 Forms? Clear your confusion by following this article. To know the difference between the 1099 Miscellaneous Form and the W -2, first you should know the difference between the independent contractors and the employees. […]