Businesses: Get Ready For the New Form 1099-NEC

There’s a new IRS form for business taxpayers that pay or receive nonemployee compensation. Beginning with tax year 2020, payers must complete Form 1099-NEC, Nonemployee Compensation, to report any payment of $600 or more to a payee. Why the [...]

By |2020-07-13T14:13:41-04:00July 13th, 2020|Categories: Blog, Tax|Tags: , , , , |Comments Off on Businesses: Get Ready For the New Form 1099-NEC

How to Report Stock Compensation Paid to Non-Employees

The accounting rules for reporting stock compensation have been expanded. They now include share-based payments to nonemployees for providing goods and services, under recent guidance issued by the Financial Accounting Standards Board (FASB). Old rules Under existing U.S. Generally [...]

By |2019-11-11T18:44:12-05:00February 22nd, 2019|Categories: Blog, Tax|Tags: , , |Comments Off on How to Report Stock Compensation Paid to Non-Employees