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When Was 1099 NEC Introduced and Why? A Complete Guide for 2025
The 1099-NEC form was reintroduced by the IRS in 2020 to report nonemployee compensation separately from other income types previously reported on 1099-MISC Box 7. Tax season can feel overwhelming, especially when you're trying to figure out which forms to use for reporting payments. If you've been confused about the difference between 1099 misc vs 1099 nec, you're not alone. The...
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