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Santa Maria California Form 1099 Nec: What You Should Know
Nov 5, 2025 β The IRS announces that you may need to file and remit information returns to receive tax refunds if you were paid, or will be paid, less than 600 in compensation in tax year 2014, 2015, 2025 or 2017. Nov 8, 2025 β The IRS releases an informational brochure and an additional article on filing non-employee compensation income forms, including information about the nonemployee compensation income forms reporting requirements. Aug 30, 2025 β An informational bulletin on filing nonemployee compensation income returns is added to the Guidance Document Library regarding Form W-4, IRS Wages and Salaries. Aug 29, 2025 β The latest updates to Tax Topic 751, Nonemployee Compensation, Including Current and Prior Year Payments by Nonemployers β Guidance document for taxpayers. Nov 23, 2025 β The IRS releases an informational bulletin regarding the application of Form 1099-MN and Form 1099-PF for taxpayers with incomes exceeding 600 or who have nonemployer self-employment income: If you receive a Form 1099-MISC for which you are not entitled to receive Form 1099-MISC, follow these two procedures: Filing Instructions: (1) Open the original Form 1099-MISC. (2) If you are not sure of the correct amount, ask the recipient to recalculate the amount of taxable compensation in their box on the back of the Form and report that amount in your box. Postponing or Canceling Pay or Benefits Do not pay or reimburse employees without filing Form 1099-MISC, if you know or should know that the employees have received wages or benefits of some kind from another person, other than you. Do not send your compensation to a former owner if the old owner may deduct it if they file a joint return. However, send Forms 1099-MISC and 1098-S along with the Form 1099-MISC, if an old owner deducts compensation. Do not deduct compensation paid in the year the employee leaves. Doing so can create a double tax when we send you the income tax return (e-file) (see FAQ). You must report all pay or benefits of a nonemployee on the former employee's Form 1099-MISC.
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