When to File IRS Forms 1099-NEC and 1099-MISC | Easy Guide

Larry Gray and Debbie Cook (CPAs) explain the differences between 1099-NEC and 1099-MISC and when to use each.

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AGC Solutions does not provide tax, legal or accounting advice. This content has been prepared for informational purposes only and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. Also, tax law is ever-changing and every effort should be made to seek out the most current information. Make sure to check date of published content to ensure most current information.

[Mr_Zesty]

Can we get a clear difference between these? I’m still left with questions. For instance, I’m a 1099 worker but I get paid by a company. How do I focus on my taxes and my retirement accounts? I’m not a business owner, or an LLC, but I’m also under those qualifications. I can’t find on much on what’s appropriate for me regarding retirement etc.

[dinamarinelarena]

If I make $400 a month do I have to claim ?