Self-employed taxpayers may have noticed this year that they were sent a 1099-NEC instead of the usual 1099-MISC received in the past. This change confused both employers and the employed. Here’s a little more information about what’s going on, so you’re prepared for the next go-round
It’s time for employers to file form 1099-MISC for any contractors or freelancers they’ve used during the past year. This form must be filed for any non-employees who have been paid $600 or more during 2019. The filing deadline to have these in the mail is January 31, 2020. What is a