Legal Consultants Se...
Financial & Legal
Form 1099-MISC was used to report non-employee compensation in box-7. Beginning in the tax year 2022, IRS reintroduced Form 1099-NEC to report non-employee compensation on a separate form. Box 7 of the 1099-MISC was replaced and is now used to report direct sales of $5,000 and more. For the 2022 tax year, the FATCA Filing Requirement checkbox can now be found on Box 13. Boxes 13-17 from the 2021 version of the form have been renumbered as 14-18 to accommodate this change.
For More info: https://www.taxseer.com/1099-misc-form.html
Address: PO Box 823, Clarksburg, MD 20871 SALES INQUIRIES # - 240-780-6153
Comments