Scivantage Blog New Form 1099-NEC Requires Process Changes for NEC and Other Form 1099-MISC Payments

While not as wondrous as witnessing the birth of a baby or a star, we in the tax information reporting world are welcoming a new Form 1099-NEC into the 1099 reporting series of information returns this year. The new Form 1099-NEC will be used to report nonemployee compensation and is effective for payments made beginning […] The post New Form 1099-NEC Requires Process Changes for NEC and Other Form 1099-MISC Payments appeared first on Maxit.