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This is a revision of my old post on this timely topic. Timely because January 31st is the deadline. Sending 1099-NEC (formerly 1099-MISC) to contractors and vendors 2024 update: While not directly related to sending 1099-NEC forms to your contractors, you may have seen the panic on social media about every $600 electronic payment reported to the IRS under a new law. This law has been postponed and may end up being reversed. Nothing has changed for now.
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