1099 vs W-2: The difference between employees and contractors
BMT Office Administration
NOVEMBER 16, 2022
Does the business provide all necessary tools or equipment or does the worker provide their own tools? Previously, IRS Form 1099-MISC was the form sent to contractors, which can cause some confusion for employers, but the IRS introduced the 1099-NEC form in 2020 and now requires employers to use this form for independent contractors.
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