Posts Tagged ‘1099-NEC’
What’s the Difference Between a Form W-2 and Forms 1099-MISC or 1099-NEC?
Tax season can be confusing, especially when you receive different tax forms. Three of the most common are Form W-2, Form 1099-MISC, and Form 1099-NEC. While they all report income to the IRS, they serve different purposes and apply to different types of workers. A Form W-2 is issued to employees by their employers. It reports annual…
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