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- Sat Nov 22, 2025 10:10 am
- Forum: General Discussion
- Topic: 1099-MISC vs 1099-NEC: Key Filing Differences
- Replies: 1
- Views: 2273
1099-MISC vs 1099-NEC: Key Filing Differences
Understanding the difference between Form 1099-MISC and Form 1099-NEC is essential for accurate tax reporting. The 1099-NEC is used specifically to report nonemployee compensation, such as payments to independent contractors. The 1099-MISC covers other types of miscellaneous income, including rents,...