The New Form 1099-NEC and the Revised 1099-MISC Are Due to Recipients Soon
There’s a new IRS form for business taxpayers that pay or receive certain types of nonemployee compensation and it must be furnished to most recipients by February 1, 2021. Taxpayers must then file these forms with the IRS by March 1 (March 31 if filing electronically). The requirement begins with forms for tax year 2020. […]
