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 the New Year is approaching …
With Box 7 eliminated from Form 1099-MISC, the new Form 1099-NEC is where businesses have to report nonemployee compensations. As the New Year is approaching …