Jeffery Edwards discusses the new tax form 1099-NEC, None Employee compensation which goes out to sole proprietors, those who preform services for you, those need to be sent by you, which replaces the line on the 1099-MISC about paying contractors, reporting fees, commissions, prizes, awards, and other compensation for services. Anyone that receives compensation in excess of $600, should receive a 1099-NEC or a 1099-MISC. When dealing with a corporation should not receive a 1099-NEC or a 1099-MISC, however all lawyers still received these forms. Stay tune to hear more!
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Thanks for watching!
Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news!
Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now!
Call Harvey for all of your Real Estate needs: (702) 203-1165.
Check out radio show website: https://lvrealestateradio.com/
Check out real estate website: https://brownblankfeld.com/
