Form 1099NEC

Glossary \ Compliance Terms

Published On: Thursday July 23, 2020 04:29 AM

1099 IconForm 1099NEC refers to a set of tax forms used to report income outside of traditional employee wages. This form is most often used by freelancers and independent contractors. Unlike the Form W-2, Form 1099NEC does not require a company to withhold taxes or other deductions.

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