Nonemployee Compensation in 2026: What It Means for Your 1099 and Your Taxes
Quick Answer You got a 1099-NEC, or you’re a business trying to figure out who needs one, and the term “nonemployee compensation” is doing a lot of work in a small box. Here’s the direct answer: it’s the IRS label for money paid to a contractor, freelancer, or vendor for services, not wages paid to…