The Tax Season Survival Guide for Law Firms
Lawmatics
APRIL 11, 2023
In 2019, the IRS reintroduced the new Form 1099-NEC to allow for the reporting of non-employee compensation. Payments made to attorneys or law firms for professional services are not exempt from being reported on the 1099-NEC. IRS Form 1099-NEC. IRS Form 1040-ES. It must have been acquired for business use.
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