If you think you may have a requirement to file 1099s for 2020, here is some helpful information regarding the filings and deadline. The IRS is focusing heavily on taxpayer compliance with information reporting laws. Beginning with tax year 2020, the IRS has revised Form 1099-MISC and created a new form, Form 1099-NEC, for reporting non-employee compensation and attorney fees (NEC). Form 1099-MISC will still be used to report miscellaneous paymen..
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