You might receive this document if you have freelance work, investment income, retirement distributions or other financial ...

Then in 2020, the IRS introduced Form 1099-NEC (non-employee compensation). You’ll issue Form 1099-NEC if you paid any non-employee $600 or more to perform services for your business.

This threshold is set to go down to $2,500 next year and $ ... you may also be used to receiving either a form 1099-MISC or ...

To avoid errors, it's advisable for individuals earning income through payment apps to set up separate accounts ... which can occur if both a 1099-NEC and a 1099-K are received for the same ...