How Form 1099-NEC Replaces Box 7 on Form 1099-MISC for Tax Year 2020-2021 With Box 7 eliminated from Form 1099-MISC, the new Form 1099-NEC is where businesses have to report nonemployee compensations. As Read More »
A Complete Guide to the New IRS Form 1099-NEC (Nonemployee Compensation) The IRS has carved out the Nonemployee Compensation segment from the 1099-MISC form and introduced 1099-NEC as a separate form Read More »
What Is Form 1099-NEC? This Form 1099-NEC is used to report non-employee compensation; it is a new form as of the tax year 2020. Read More »