For the past 38 years, businesses filed Form 1099MISC to report payments to independent contractors Form 1099NEC replaces 1099MISC for this purpose starting inThe taxpayers are supposed to send 1099 MISC Forms to the contractors by February 1st, 21 Submit your Form 1099 online to the IRS by March 31st, 21 There are late penalties for payer's who file the information returns late As an independent contractor, you should file your tax return timely You should include the income information Plus, sometimes forms, requirements and processes change, and it's important to stay on top of these shifts to avoid substantial penalties One of the financial forms an independent contractor is likely to encounter during tax season is form 1099NEC It's different from the 1099MISC, which experienced gig workers may already be familiar with
Do 1099 Contractors Get Overtime The Hedgpeth Law Firm Pc
