Starting with payments made in 2020 the IRS has required some payments be removed from the 1099-MISC and reported on a 1099-NEC. Payments for services, vendor payments, and working interest payments are now reported on the 1099-NEC.
Starting with payments made in 2020 the IRS has required some payments be removed from the 1099-MISC and reported on a 1099-NEC. Payments for services, vendor payments, and working interest payments are now reported on the 1099-NEC.