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Tag: NEC

Your Guide to 1099s

by Tania Vallarta, Megan Goldstein & Leonor DiStefano Introduction Every January, businesses must issue Form 1099-Misc or 1099-NEC to non-incorporated entities or individuals who they paid at least $600 by a method of payment other than credit card for performing a service to their business. Keep reading for best practices to help you stay in compliance! Form W-9 As soon as you engage a service provider and before you pay them, have them complete a form W-9. This provides you...

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