1099-MISC vs 1099-NEC explained: These IRS forms report different types of non-employee payments, and choosing the wrong one can trigger penalties, IRS notices, and unnecessary tax stress. If tax season feels like a maze, you are not alone. One of the most common turns where businesses go wrong is choosing between Form 1099-MISC vs 1099-NEC. At first glance, both look similar. In reality, they serve very different purposes. The IRS separated thes...