There is a new IRS form meant for business taxpayers to utilize when they pay or receive nonemployee compensation. The 1099-NEC is being reinstated for tax year 2020 and beyond. The “NEC,” stands for Non Employee Compensation.
New IRS Form 1099-NEC
By Eric Rocky FleemanPosted on Posted in News, Pronto Tax Class Blog, Tax UpdatesTagged become a tax preparer, Become a tax preparer California, continuing eduction, CTEC continuing education, Form 1099-NEC, new irs forms, Tax Preparer Continuing Education