When to Use Form 1099-NEC

Beginning with the 2020 tax year, Form 1099-NEC will replace Form 1099-MISC box 7 for reporting non-employee compensation.

Newsletter | December 8, 2020

Do You Know Which IRS Form to File if You Paid Independent Contractors in 2020? (The Answer May Surprise You!) Beginning with the 2020 tax year, Form 1099-NEC will replace Form 1099-MISC box 7 for reporting non-employee compensation, which includes payments to ICs. Want to learn more about the differences between the new 1099-NEC and the 1099-MISC? Check out the details. Read More >>

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