What is the new 1099-NEC?

The 1099-NEC is a form added by the IRS starting in the 2020 tax filing year.  The 1099-NEC is used to report non-employee compensation.  In prior tax years, non-employee compensation was reported on the 1099-MISC form.

Yearli offers the ability to file the 1099-NEC to the federal and applicable state government agencies.

 

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