New Tax Form For Business Owners (and others)
Just an IRS alert: For many years, we used 1099-Misc to report payment to nonemployee compensation (money we paid another individual or company) most often for services they provided above $600. That's changed this year and I am providing some resources to you to learn more. Unfortunatly, the IRS has not changed the process by which we complete NEC or the MISC form. So remember: you need an original copy of a form, available free to order at IRS website or buy in your local Office Supply store, etc. Do not find a form and then print it from an online source. Beginning with Tax Year 2020, you must use Form 1099-NEC, Nonemployee Compensation, to report payments of

