- Our Team
December 13, 2020
Have You Heard About The New Form 1099-NEC?
Prior to 2020, nonemployee compensation was reported on 1099-MISC in Box 7. The IRS has now reinstated Form 1099-NEC to report nonemployee compensation separately from other types of income reported on Form 1099-MISC. Some of you may remember this form was last used in the early 1980’s! The new 1099-NEC impacts many businesses, with filers […]