Press Release - July, 2020
Director of State Compliance
Email Michael Stewart
New form 1099-NEC and significant changes to form 1099-MISC !
Major changes to IRS Form 1099-MISC and a new form 1099-NEC (Non-Employee Compensation) for Tax Year 2020.
Non-Employee Compensation is now reported on the 1099-NEC and no longer on Box 7 of 1099-MISC Source: www.irs.gov/forms-pubs/about-form-1099-nec
1099-MISC has major changes with box renumberings and new boxes. Source: www.irs.gov/forms-pubs/about-form-1099-misc
Users of 1099 Pro can file 1099-NEC electronically before the 1/31 IRS filing deadline by using 1099 Pro Enterprise software or via 1099 Pro's SSAE 16 SOC I Type II certified Service Bureau using 1099 Pro Professional software.
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1099 Pro LLC ( www.1099pro.com ) is a market-leading provider of information-reporting Solutions & Services for 1099, W-2 and 1042-S filers. 1099 Pro develops and markets a comprehensive range of products that enables any size of business or institution to effectively manage and complywith all 1099, W-2 and 1042-S filing requirements.
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