United States: 1099-MISC VS. 1099-NEC

Last year, the IRS released a new form – Form 1099-NEC. This form is still in use for 2021. While it might not have affected you last year, it may this year. This Client Alert will provide you with some general guidelines and resources to help you determine which form you need to file. It will also address questions that we often receive from clients. REPORTABLE PAYMENTS

You will still be required to file Form 1099-MISC for payments in the amount of $600 or more (unless otherwise noted) made in the course of your trade or business (including not-for-profit […]

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