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CONDUCT NEW YORK CITY DEPARTMENT OF FINANCE TM Finance NET OPERATING LOSS DEDUCTION COMPUTATION GENERAL CORPORATION TAX ATTACH TO FORM NYC3A, NYC3L, NYC4S or NYC4SEZ For CALENDAR YEAR 2014 or FISCAL
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What is Form 1099-NEC used for?
Form 1099-NEC is used to report nonemployee compensation.
Who is required to file Form 1099-NEC?
Businesses or individuals who have paid at least $600 in nonemployee compensation to a contractor during the calendar year are required to file Form 1099-NEC.
How to fill out Form 1099-NEC?
You can fill out Form 1099-NEC by providing the payer's and recipient's information, the amount of nonemployee compensation paid, and any federal income tax withheld.
What is the purpose of Form 1099-NEC?
The purpose of Form 1099-NEC is to report nonemployee compensation to the IRS and the recipient, so that the recipient can report it on their tax return.
What information must be reported on Form 1099-NEC?
Form 1099-NEC must include the payer's name, address, and Taxpayer Identification Number (TIN), the recipient's name, address, and TIN, the amount of nonemployee compensation paid, and any federal income tax withheld.
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