Form 1099-NEC is used to report non-employee income—those for independent contractors and gig workers. The reporting threshold for Form 1099-NEC will increase from $600 to $2,000, effective as of the ...
Starting in 2020, there was another yet change to Form 1099-MISC. The IRS brought back Form 1099-NEC, Nonemployee Compensation, to report payments of nonemployee compensation (NEC) previously reported ...
Jonathan Wolfson is a visiting fellow at the Institute for the American Worker and led the policy office at the U.S. Department of Labor from 2019 to 2021. One of Zohran Mamdani’s most harmful ...
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