Efile Form 1099-misc & Form 1099-nec Online For The Tax Year 2021

July 28, 2022 ⚊ 1 Min read ⚊ Views 138 ⚊ BUSINESS

The 1099-NEC was reintroduced to address confusion created by the PATH (Protecting Americans from Tax Hikes) Act of 2015 that established different due dates for the various types of income reported on the 1099-MISC, leading to unexpected penalty notices for filers. The renewed 1099-NEC form separates out nonemployee compensation from other sections of the 1099-MISC and imposes a filing deadline of Jan 31, 2022.

Read details: http://blog.taxseer.com/informs-you-must-know-form-1099-misc-form-1099-nec/

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