1099NEC vs1099MISC Whats the Difference

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With recent changes from the IRS, 1099-NEC is exclusively for non-employee compensation, while 1099-MISC is used to report other types of income. • Both forms 1099-MISC and 1099-NEC are used to report income received by non-employees or independent contractors, but which one is right for you? • Subscribe to our YouTube channel: http://intuit.me/3bOj0M2 • Visit QuickBooks.com: http://intuit.me/QBO • #QuickBooks

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