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  • https://www.booksmerge.com/blog/1099-misc-vs-1099-
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  • 01-01-90
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Using the wrong form can trigger IRS penalties and cause confusion for recipients filing their taxes. 1099-NEC is exclusively for tracking self-employment income that affects Social Security and Medicare taxes, while 1099-MISC covers passive income streams that typically don't trigger self-employment tax obligations.Retry

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