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Hiring a W-2 employee vs. a 1099 independent contractor Employees and freelancers can benefit your business in different ways — let's review the advantages and disadvantages of both types of ...
Continue reading → The post Form 1099-MISC vs. 1099-NEC appeared first on SmartAsset Blog. ... SmartAsset's free tool matches you with up to three vetted ... SmartAsset's tax return calculator ...
For a variety of reasons some Form 1099 reports may include amounts that are not actually taxable to the payee. A typical example is Form 1099-S for reporting proceeds (not gain) from real estate transactions. The Form 1099-S preparer will report the sales proceeds without regard to the amount of the taxpayer's "basis" in the real estate sold.
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