Press Release - July, 2020
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
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