Tax
Dec. 29, 2022
IRS Forms 1099 are coming and 1099-NEC means extra taxes
The newest form is Form 1099-NEC, and it covers the waterfront for any independent contractor.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
It is almost year-end and with the tax year drawing to a close, IRS Form 1099 season is right around the corner. IRS Forms 1099 should arrive around the end of January 2023 for 2022 payments. These critical tax forms report how much you were paid in the prior calendar year. Some forms can show up as late as April or May, but most come long before.
Forms 1099 can be wrong, so check them carefully. Each Form 1099 is matched to your Social Se...
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