Name: Does a Nonresident Get a Form 1099-NEC?
Uploaded: 2022-01-05T11:48:39+00:00
Duration: 7 min 53 s
Description: If a U.S. business makes a payment to an independent contractor that exceeds $600 during the year, the business generally must file a Form 1099-NEC with the IRS and provide a copy to the contractor. T

2 years ago

If a U.S. business makes a payment to an independent contractor that exceeds $600 during the year, the business generally must file a Form 1099-NEC with the IRS and provide a copy to the contractor.

This rule, however, generally only applies to payments made to U.S. tax residents.

So what are the rules if a payment is made to a contractor that lives and works outside of the U.S.?

In this video I explain the federal tax rules surrounding:

1. Who is required to file a Form 1099.
2. How is income sourced under the U.S. tax code.
3. Under what cases do you need to file a Form 1042-S?

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#IRS #Taxes #1099NEC

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