Infinity Tax on Instagram: "What is a 1099-NEC? Here’s what freelancers and contractors need to know. A 1099-NEC is the tax form used to report non-employee compensation. If you’re a freelancer, contractor, or self-employed worker, this form shows how much you were paid, and that income is taxable. No taxes are withheld, so you’re responsible for reporting it and paying the IRS. 📌 Watch the video and click the link in our bio for a free consultation. #1099NEC #FreelancerTaxes #IndependentContra
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