Moceri Minute
 

The IRS has made changes for reporting Non-Employee Compensation for 2020.

There is a new form, 1099-NEC that will be used to report Non-Employee compensation as well as any payments made to an attorney; you will no longer use Form 1099-MISC. The due date for filing the 1099-NEC is February 1, 2021. 

Please let us know if you would like our assistance in preparing the new form. You will still use 1099-MISC to report rent.