1099-MISC and 1099-NEC Due to Recipients 2/1/2021

The revised Form 1099-MISC, Miscellaneous Income, and the new Form 1099-NEC, Nonemployee Compensation, must be furnished to most recipients by Feb. 1, 2021.

Form 1099-NEC is a new form for tax year 2020 for nonemployee compensation of $600 or more to a payee.

 

Posted in IRS