Business & farm

@ThomasM125  and  @ColeenD3   I hope I'm misreading what you guys are saying, but it is absolutely NOT an option to be issuing a 1099-NEC to an employee.  I am absolutely horrified that so-called "Tax Experts" would suggest such an incorrect thing.

 

 

@mhariush   If you think that some of the money that you took out of the corporation should have been classified as wages, you would amend the payroll forms, such as 941, 940, W-2/W-3 and any state forms.  Issuing yourself a 1099-NEC or 1099-MISC for "compensation" as an employee is absolutely wrong.