New IRS Form 1099-NEC And Revised 1099-MISC Are Due To Recipients Soon

There’s a new IRS form for business taxpayers that pay or receive certain types of nonemployee compensation and it must be furnished to most recipients by February 1, 2021. After sending the forms to recipients, taxpayers must file the forms [...]

By |2021-01-25T13:26:22-05:00January 25th, 2021|Categories: Blog, Tax|Tags: , , , , , |Comments Off on New IRS Form 1099-NEC And Revised 1099-MISC Are Due To Recipients Soon

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
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