New for 2020 – the IRS has created a new Form for 2020 to report Miscellaneous Compensation only – This is Form 1099 NEC (Non-Employee Compensation).  The 1099 MISC. has been revised and box numbers rearranged and is still applicable for other reporting.

To get more information about the 1099-NEC please view it HERE.  You can access the instructions related to the 1099-NEC and the form itself.  As a note, you can get your forms online directly through the IRS HERE.