In today’s episode, we are diving into the new 1099-NEC form. We will look into what the form is about, who you need to issue the form to, as well as thresholds, exceptions and due dates. We’ll also cover what is still needed on the 1099-MISC form and which part the 1099-NEC form is replacing. We know this form is new for year end 2020 and we want to make sure you have the information you need to file the 1099-NEC form correctly. Listen in and find out if you need to file the 1099-NEC form for your small business.
Link to IRS website for 1099-NEC:
www.irs.gov/forms-pubs/about-form-1099-nec)
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Show Notes: www.FinancialAdventure.com)
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