Introducing the New 1099-NEC for Reporting Nonemployee Compensation
Last used in 1982, Form 1099-NEC made a comeback in 2020 for reporting nonemployee compensation (NEC) to independent contractors. Previously, “1099 wages” were reported in box 7 on [...]
Risky Business: Classifying Employees vs. Independent Contractors
It is important that employers understand the distinctions between employees (e.g., "W-2" employees) and independent contractors (e.g., "1099" workers). Classification can be a complex task, prone