Understanding the difference between 1099-MISC and 1099-NEC is essential for accurate IRS reporting, especially for businesses, freelancers, and accountants. This guide explains which payments belong on each form, how IRS rules changed in recent years, and when to file each document. You will learn who gets a 1099-MISC vs 1099-NEC, what information is required, and how to avoid common filing errors. Perfect for tax season prep, small business owners, and anyone handling contractor payments. Clear, simple and helpful for all experience levels.

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