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1099-NEC

$24.99

The 1099-NEC (Nonemployee Compensation) form is used to report payments of $600 or more made to independent contractors, freelancers, and other nonemployees for services rendered. It replaced the use of Box 7 on the 1099-MISC form for reporting nonemployee compensation. Businesses must issue this form to qualifying recipients and file it with the IRS to ensure proper tax reporting.

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