ROCK HILL, SC / ACCESSWIRE / December 15, 2020 / On November 18, 2020, the IRS updated Form 1099-MISC and released a new Form 1099-NEC for the 2020 tax year. These new requirements change the way ...

The Internal Revenue Service has revived Form 1099-NEC to eliminate confusion about complying with new filing deadlines aimed at combatting fraud. The Internal Revenue Service (IRS) released its final ...

ExpressEfile, a SPAN Enterprises product, is supporting Form W-2, 1099-MISC, and 1099-NEC for the 2020 tax year. The deadline to file Form W-2 and Form 1099-NEC is February 1, 2021. For Form 1099-MISC ...

Whether you're a business owner who relies on independent contractors or you make your living as a freelancer, understanding the difference between Form 1099-MISC and 1099-NEC is critical to ensuring ...

Last year, the Internal Revenue Service introduced a draft version of a form that we haven’t seen since 1982: Form 1099-NEC, Nonemployee Compensation. Form 1099-NEC is intended to replace the ...

Whether you're a business owner who relies on independent contractors or you make your living as a freelancer, understanding the difference between Form 1099-MISC and 1099-NEC is critical to ensuring ...

LONDON, ENGLAND - NOVEMBER 21: A visual representation of the cryptocurrency Bitcoin on November 21, 2020 in London, England. The price of bitcoin has risen sharply in the the last two months, to a ...

Starting in 2020, companies that pay at least $600 for services performed by someone who is not their employee are required to use the new Form 1099-NEC to report the nonemployee compensation. The ...

Form 1099-MISC serves a record of income made outside of standard employment. A business generates the form and must send it to the recipient and the Internal Revenue Service by a specific date every ...

ROCK HILL, SC / ACCESSWIRE / January 7, 2021 / Tax season is in full swing, and employers are preparing to meet their Form W-2, 1099-MISC, and 1099-NEC deadlines with the IRS and SSA. Businesses are ...