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For those business taxpayers paying or receiving non-employee compensation (aka contractors), there is now a new IRS form that you must use in your reporting. Payers must report any payment of $600 or more to a payee in the calendar year by completing Form 1099-NEC (Non-employee Compensation).
In a world of tight deadlines, multiple real estate transactions, and pressure from all parties involved, there exists Jane, who has been tasked with keeping it all on track. Jane is a Title Production Manager in the Midwest and as it is in many industries, currently, her’s is rapidly changing and she is doing her best to navigate through this unique time.
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