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EVOLUTION USER GUIDEPUBLISHED DATE: 16.02.2017PUBLISHED BY:Soft Ltd. The Upper Courtyard The Old Dairy Bradbury Swindon Wiltshire SN4 0EUTel. 01793 677 633 info@evosoft.co.uk www.evosoft.co.ukTABLE
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Published Date 16 refers to the IRS Form 1099-NEC, which is used for reporting non-employee compensation.
Businesses that have paid $600 or more to non-employees, such as freelancers and independent contractors, are required to file Form 1099-NEC.
To fill out Form 1099-NEC, provide the payer's and payee's information, including name, address, and Social Security Number or Tax Identification Number, as well as the total amount paid.
The purpose of Form 1099-NEC is to report income earned by non-employees to the IRS and to help ensure tax compliance.
The form must report the total non-employee compensation paid, as well as payer and payee identification information.
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