Month: January 2021

The new 1099-NEC form is for business taxpayers that pay or receive certain types of non-employee compensation. This form must be furnished to most recipients by February 1, 2021. After sending the forms to recipients, taxpayers must file the forms with the IRS by March 1 (March 31 if filing electronically). The requirement begins with … Continue reading “The New Form 1099-NEC & The Revised 1099-MISC Are Due To Recipients Soon”