1099-NEC vs. MISC: How to Prepare for Next Week’s New IRS Deadline
AvidXchange
JANUARY 25, 2021
If your business paid an independent contractor more than $600 this year for services provided to your company in 2020, you’ll need to file a new Internal Revenue Service (IRS) tax form by Feb. For other types of payments your company made in 2020, you can continue to report them on Form 1099-MISC.
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