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Texas Ethics Commission P.O. Box 12070 Austin, Texas 787112070 CANDIDATE I OFFICEHOLDER CAMPAIGN FINANCE REPORT (512) 4635800 C/OH COVER SHEET PG 1 FORM 8652 ACCOUNT# CANDIDATE I OFFICEHOLDER NAME
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What is l- y?
l-y stands for Form 1099-NEC, which is used to report nonemployee compensation to the IRS.
Who is required to file l- y?
Any business or individual that pays a nonemployee $600 or more in a calendar year is required to file Form 1099-NEC.
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Fill out Form 1099-NEC with the payer's information, recipient's information, and the amount of nonemployee compensation paid.
What is the purpose of l- y?
The purpose of filing Form 1099-NEC is to report nonemployee compensation to the IRS for tax purposes.
What information must be reported on l- y?
Form 1099-NEC must include the payer's name, address, taxpayer identification number, recipient's name, address, and the amount of nonemployee compensation paid.
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