Correction to a 1099-NEC form

August 26, 2021

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Q.┬áPlease confirm with the third party tax expert if we are required to issue a corrected 1099-NEC and Form 1096 for incorrect payment to the supplier for a refund deposit? And if yes, does the Form 1096 require an executive of the company to sign the form? Are there additional IRS forms we are required to submit to the IRS? A. (Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098,…

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