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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549Form 10Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended
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10 9 amp refers to Form 1099-NEC which is used to report nonemployee compensation.
Businesses or individuals who have made payments of $600 or more to a nonemployee for services performed during the tax year are required to file Form 1099-NEC.
Form 1099-NEC must be filled out with the payer's information, recipient's information, amount of nonemployee compensation paid, and other required details. It can be done electronically or by paper form.
The purpose of Form 1099-NEC is to report nonemployee compensation to the IRS for tax purposes.
Form 1099-NEC requires reporting of nonemployee compensation payments of $600 or more, as well as recipient and payer information.
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