Form 1099-MISC Archives - Tax2efile Blog

Does 1099 NEC replace Form 1099 MISC? How to file 1099-NEC electronically?

People use IRS Form 1099-MISC to report miscellaneous income. Taxpayers use IRS tax Form 1099-NEC to report non-employee compensation, which refers to payments made to individuals who are off the payroll and complete project assignments on a contract basis. All gig workers, independent contractors, and self-employed individuals report their payments in box y of the 1099 MISC Form before 2020. The IRS Form 1099-NEC is used to report independent contractor income, though Form 1099-MISC was previously used...