On Demand Webinar: 1099-NEC form – How to prepare for it

Sovos On Demand Webinar

DATE HOSTED: May 05, 2020
DURATION: 60 minutes

Is your business prepared for the 1099-NEC?
The 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 including:
  • Organizations issuing vendor payments for services rendered
  • Gig-economy companies issuing payments to independent contractors for services rendered
  • Insurers issuing payments for claims serviced

Watch the 1099-NEC webinar and learn:

  • how to read and report Form 1099-NEC
  • how the 1099-NEC impacts 1099-MISC reporting, backup withholding and state reporting
  • how to update your 1099-MISC and 1099-NEC reporting processes and prevent errors

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