TIME: 3:00PM ET
DURATION: 60 minutes
Tax Season 2020 just got more complicated...
The IRS has released the 2020 version of Publication 1220, which outlines the communication procedures and transmission formats for many 10-series forms. One of the most notable changes to this year's publication was presented in that Form 1099-NEC (Nonemployee Compensation) - previously reported on Form 1099-MISC utilizing Box 7 - will NOT be included in the Combined Federal/State Filing (CFS) program. This means that for tax year 2020 there will be no mechanism for the reporting of non-employee compensation to state governments.
Fortunately, Sovos has already been preparing to take on this challenge and is eager to assist your team with all things tax information reporting.
Register for our webinar and you'll learn:
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