TAX TIP OF THE WEEK: 1099-NEC Reportable Vendor But There is a FATCA Issue: Does The Vendor Get Two 1099's, or What? | Tax Information Reporting

TAX TIP OF THE WEEK: 1099-NEC Reportable Vendor But There is a FATCA Issue: Does The Vendor Get Two 1099's, or What?

This year the IRS released updated versions of the 1099-NEC and 1099-MISC. One form got a FATCA update. The other did not.

[Full text available to TIR Answer Center subscribers. Subscribe to read full article.]

Virtual Tax Attorney

Get the answers you need

TIR Answer Center subscription includes:

Expert Answers to Your Questions
Searchable FAQ
Tax Tip of the Week & Monthly Articles
Free and Discounted Webinars

Under IRS Rules You Must Collect a Form W-9 From All Payees?