1099-NEC standpoints for nonemployee compensation. Form 1099-NEC agrees employers to report payments made to nonemployees or independent contractors. Employers need to file this form with the IRS and send copies to all of their recipients by Febraury 1, 2022.
Reason back to any renovations you made, jobs you hired out, or other services you had performed. So maybe you hired an independent contractor–do you need to file Form 1099-NEC and send them a copy? **** are, you do. If you paid a nonemployee $600 or more in the 2021 tax year, this form is for you.
