“Sole proprietors need to keep their own records because they aren’t necessarily going to get a 1099-NEC,” says Annette Nellen, professor and director of the graduate tax program at San Jose ...

“Sole proprietors need to keep their own records because they aren’t necessarily going to get a 1099-NEC,” says Annette Nellen, professor and director of the graduate tax program at San Jose State ...

Closeup of Form 1099-NEC, Nonemployee Compensation ... For example, you probably get a Form 1099 for every bank account, even if you only earned $10 of interest. The most common variety is ...

1099-NEC and 1099-MISC (issued by the University to various independent contractors, attorneys, others) Form 1099-NEC is issued by the University to individuals that were paid for: Independent ...

If you pay independent contractors $600 or more annually, you must report those payments to the IRS on Form 1099-NEC. The process is fairly simple if you only need to send one or two, but it gets ...