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Everything you need to know about Form 1099-NEC

Business Management Daily

The 1099-NEC is now used to report non-employee compensations. If you paid non-employees for work related to your business in 2021, you may need to give them a 1099-NEC. What Counts As Nonemployee Compensation? Crop insurance proceeds (box 9). Nonqualified deferred compensation (box 14).

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