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[Music] foreign [Music] NEC and the 1099 miscellaneous forms so the 1099 NEC is required to be filed when you paid any contractor at least 600 or more in a calendar year and the 1099 miscellaneous is required to be filed if you paid at least 600 or more and the following items rent prices in the war other income payments medical and Health Care payments crop insurance proceeds and the list goes on you can find more detail on irs.gov so in the next section I want to go over to 1099 NEC form pretty straightforward the payer which is your company would go here along with your address your tin is your tax identification number which will go here whom you pay their tin will go here their address will go here and then for the calendar year this would be filled in over here how much you pay them box one how much federal income tax which were held if any box four any tax would help first state box five your state payer state number box six and then state income amount box seven so we go over t
