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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

You will notice that the IRS publication PDF of the form has several copies. Wages of up to $147,0000 are subject to social security taxes for tax year 2022. Medical and health care payments. You may e-file or submit the forms on paper via the mail. Here is the list of form 1099-NEC copies: Copy A: Federal Copy for the IRS.

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