Press Release - July, 2020

Michael Stewart
Director of State Compliance
Email Michael Stewart

New form 1099-NEC and significant changes to form 1099-MISC !

Major changes to IRS Form 1099-MISC and a new form 1099-NEC (Non-Employee Compensation) for Tax Year 2020.

Non-Employee Compensation is now reported on the 1099-NEC and no longer on Box 7 of 1099-MISC Source: www.irs.gov/forms-pubs/about-form-1099-nec

1099-MISC has major changes with box renumberings and new boxes. Source: www.irs.gov/forms-pubs/about-form-1099-misc

Users of 1099 Pro can file 1099-NEC electronically before the 1/31 IRS filing deadline by using 1099 Pro Enterprise software or via 1099 Pro's SSAE 16 SOC I Type II certified Service Bureau using 1099 Pro Professional software.

Download the 2020 form 1099-NEC sample import file

Download the 2020 form 1099-MISC sample import file

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