While we’ve been remote, the IRS decided to make changes to the way non-employee compensation is filed, depending on the nature of the income. They’ve moved the non-employee compensation from Box 7 on the 1099-MISC to its own form: the 1099-NEC. This would include all independent contractors, or self-employed individuals who previously had their payments …
1099-MISC and -NEC Changes: Immediate Action Steps for GP Users Read More »