By: The NBI Team
Thursday, December 17, 2020
Changes to IRS Form 1099
As the filing deadlines approach, attorneys and accountants should ensure that they fully understand the changes to the IRS 1099 tax forms to avoid common pitfalls, properly advise their clients, and remain compliant with IRS requirements.
Additional IRS guidance and resources about the use of these forms can be found here:
- Instructions for Forms 1099-MISC and 1099-NEC (2020)
- About Form 1099-MISC, Miscellaneous Income
- About Form 1099-NEC, Nonemployee Compensation
You can learn more about these changes and get tips for overcoming common filing mistakes with NBI’s recent event, IRS Form 1099 — New Requirements!, presented by Marjorie Belliotti, CPA, CGMA. The course aired as a live video webinar on December 11, 2020 and is now available to purchase OnDemand.
This blog post is for general informative purposes only and should not be construed as legal advice or a solicitation to provide legal services. You should consult with an attorney before you rely on this information. While we attempted to ensure accuracy, completeness and timeliness, we assume no responsibility for this post’s accuracy, completeness or timeliness.