News & Analysis as of September 20, 2024

Income Taxes › Non-Employees

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Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected in a variety of ways. Some tax systems collect income taxes based on a progressive scheme, while others may utilize a proportional or regressive framework. less -

Separate State Filing Required for Form 1099-NEC

Morgan Lewis - ML Benefits on 1/27/2021

For the 2020 tax year, the Internal Revenue Service (IRS) moved reporting of certain nonemployee compensation, including current and deferred compensation paid to independent contractors and corporate directors, from Form...more

File “1099-NECs” Time to Report Nonemployee Compensation

Kilpatrick on 12/18/2020

Starting in 2020, companies that pay at least $600 for services performed by someone who is not their employee are required to use the new Form 1099-NEC to report the nonemployee compensation. The Form 1099-MISC will no...more

Nonemployee Compensation Reportable on Revived Form 1099-NEC for 2020 Payments

Morgan Lewis on 3/2/2020

The Internal Revenue Service has revived Form 1099-NEC to eliminate confusion about complying with new filing deadlines aimed at combatting fraud. ...more

Pennsylvania Begins New Withholding Requirements: One May Affect Your Lease

Troutman Pepper on 7/3/2018

On July 1, Pennsylvania will begin enforcing enhanced personal income tax withholding requirements that were enacted by the legislature as a part of Act 43 of 2017. ...more

Pennsylvania Department of Revenue Delays Implementation of New Non-Employee Withholding Requirements

Ballard Spahr LLP on 3/1/2018

After hearing from taxpayers about the significant burden of complying with new Pennsylvania rules requiring personal income tax (PIT) withholding from non-resident service providers who receive IRS Forms 1099-MISC, the...more

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