Wondering how to fill out IRS form 1099-NEC (Non-Employee Compensation)? Confused on how this form came into existence as how it’s different from Form 1099-MISC? Well, in this video Jared Rogers, CPA explains what NEC actually means and how it applies to the form. He also goes over the four requirements that must be met to utilize Form 1099-NEC. Lastly, he gives you an on screen review of the form, exactly how to complete it and what needs to be done to file it by the January 31st due date. Tax Chit Chat S2 EP 3 How to fill out IRS Form 1099-NEC 🕘Timestamps: 0:00 Intro 0:43 What is Form 1099-NEC? 1:15 Why is the form being revived? 2:11 Who gets Form 1099-NEC? 3:08 How do you complete Form 1099-NEC? 5:04 Recap! 📚📺📻 Resources Yearli by Greatland is a great way for businesses to file 1099, W-2 & 1095 (ACA) forms. They will mail your forms to your recipient, e-file them with the IRS, SSA and State (if applicable) and allow the person to download their form if you include an email address. Best of all, you'll receive 15% off your filings if you use this link (full disclosure, it’s a referral link) https://mbsy.co/3l9cj8 Order official (fileable with the IRS) forms from the IRS https://www.irs.gov/businesses/online-ordering-for-information-returns-and-employer-returns IRS FIRE System: https://www.irs.gov/e-file-providers/filing-information-returns-electronically-fire 1099-NEC Instructions: https://www.irs.gov/forms-pubs/about-form-1099-nec Jared's Book How To Slash Your Taxes: https://www.wilsonrogers.net/blog/2018/02/04/new-book-how-to-slash-your-taxes/ What is Tax Chit Chat? Do you really "understand" taxes? Do you want to learn the best ways to cut your tax bill while staying on the good side of the IRS? Well, that's the point of this video series. Here, we hope to help YOU Slash Your Taxes Legally and Ethically! 😉 Subscribe to this channel to never miss another money/tax educating video!! Here, you will learn tips and tricks to save money on taxes, build wealth, and make financially sound decisions that impact not only your future, but the future of generations to come. Have questions? Want them possibly answered on a future episode? We would love to answer them! Simply shoot us an email at: questions@makemymoneymakesense.com Your friends, The Professionals at Wilson Rogers & Company 🎶 Song Credits: Riviera by Smith The Mister https://smiththemister.bandcamp.com Smith The Mister https://bit.ly/Smith-The-Mister-YT Free Download / Stream: https://bit.ly/al-riviera Music promoted by Audio Library https://youtu.be/qonPqql2sP0 🎨 Artwork: Michael R. Voogd www.VoogDesigns.com (805) 768-4503 The content and topics covered in this video are like those of The Money Guy Show, The Dave Ramsey Show and Your Money, Your Wealth in parts. A large influence on this series’ style can be found via content creators Dr. Lynn Richardson, Tommy Bryson and Minority Mindset. **Disclaimer: This video is meant to provide competent and reliable information regarding the subject matter covered. However, it is viewed with the understanding that the creator and provider are not engaged in rendering legal, financial or other professional advice. Laws and practices often vary from state to state, and as such, the information presented herein is educational in nature, is not individualized, and is not intended to serve as the primary or sole basis for your financial decisions. If legal or expert assistance is required, the services of a professional should be sought. The creator and provider specifically disclaim any liability incurred from the use or application of the contents of this video.** --------------------------------SOCIAL-------------------------------- 👥Facebook: https://www.facebook.com/wilsonrogersco 📷 Instagram: https://www.instagram.com/wilsonrogersco/ 🐦Twitter: https://twitter.com/wilsonrogersco #1099NEC #newform1099NEC #1099NEC2020 #taxchitchat #jaredrrogerscpa #makemymoneymakesense #africanamericancpa #blackcpa #TCC