DATE: September 17, 2020
TIME: 1:00PM ET / 12:00PM CT
DURATION: 60 minutes
With Tax Season 2020 right around the corner, now might be the last time to ask yourself: "Is my business prepared for the implications of Form 1099-NEC?"
Form 1099-NEC will replace box seven on Form 1099-MISC. This means the 1099-NEC will be the new form for reporting nonemployee compensation for services amounting to $600 or more. As a result, this form will have a massive impact on all types of businesses and their 1099-MISC reporting processes.
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