The IRS has taken Non-Employee Compensation out of the 1099-MISC and created a new form 1099-NEC for 2020. The 1099-NEC is to be used only for reporting independent contractor payments of $600 or more in the course of trade or…
There's no rush to offer workers a holiday from Social Security taxes. employers in the U.S. have not rushed to offer their workers a suspension of Social Security payroll taxes through the end of the year, given that employees would…
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