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Instructions for Form FTB 3805V Net Operating Loss NOL Computation and NOL and Disaster Loss Limitations Individuals, Estates, a

Instructions for Form FTB 3805V Net Operating Loss NOL Computation and NOL and Disaster Loss Limitations Individuals, Estates, a

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Instructions and help about Instructions For Form FTB 3805V Net Operating Loss NOL Computation And NOL And Disaster Loss Limitations Individuals, Estates, And Trusts

Hi, I'm Veronica Wasek and I empower virtual bookkeeping pros to become confident professionals and business owners. In this video, I'm going to explain to you Form 1099- NEC and Form W-9 so that you can tackle 1099 season with confidence. Let's get started. Let's start by taking a look at form 1099-NEC for Non-Employee compensation. Non-employee compensation is reported in Box 1. Let's take a look at what should be reported for non-employee compensation. The first thing we need to report for non-eemployee compensation is services performed by someone who's not your employee, including parts and materials. I've linked a handout for you in the description where you can take a look at the links that I have provided for you to the IRS instructions. On page 7 of those instructions, it tells us that services performed by someone who's not your employee includes parts and materials. It also tells us that non employee compensatio

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