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The IRS currently has 21 different versions of Form 1099, but the two primary types you need to know are the 1099-MISC and the 1099-NEC. You need to fill out Form 1099-MISC if you paid more than ...
In the United States, Form 1099-MISC is a variant of Form 1099 used to report miscellaneous income. One notable use of Form 1099-MISC was to report amounts paid by a business (including nonprofits [1]: 1 ) to a non-corporate US resident independent contractor for services (in IRS terminology, such payments are nonemployee compensation), but starting tax year 2020, this use was moved to the ...
Form 1099 is also used to report interest (1099-INT), dividends (1099-DIV), sales proceeds (1099-B) and some kinds of miscellaneous income (1099-MISC). Blank 1099 forms and the related instructions can be downloaded from the IRS website. The following table provides information for each variant.
Printable version; In other projects ... 1099-MISC: Miscellaneous Income; 1099-NEC: ... The form W-1, Return of Income Tax Withheld on Wages, was the original form ...
Form 1099-NEC replaces 1099-MISC as the form used to report independent contractor income. If you paid an independent contract $600 or more, you’ll need to file one.
Printable version; In other projects ... Pages in category "IRS tax forms" ... Form 1099-MISC; Form 1099-R; Form 1099-OID; Form 8812; Form 8962;
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