Home » Blog » 2020 Form 1099-MISC

2020 Form 1099-MISC

Form 1099 MISC Box 7- Major Changes in 2020

Form 1099 MISC Box 7- Major Changes in 2020: Did you hire a contractor and pay him $600 or more in the prior year? If “Yes”, then you need to file an information return with the IRS. As per the IRS, the non-employee compensation and miscellaneous income were reported on the same form previously. But now from 2020, these two payments are reported in two different forms. We will let you know about the major changes taken in IRS Form 1099 MISC. You will also get to know why the change occurred in the 1099 information returns. We also provide …

Form 1099 MISC Box 7- Major Changes in 2020 Read More »

Revised 1099 MISC Form 2021| 1099 MISC Form Changes

Revised 1099 MISC Form 2020: Did you hear about 1099 MISC with NEC revived back in the new 1099 NEC Form? If your answer is “No”, then once check in the IRS websites about the revised 1099 MISC Form in 2020 tax year. Due to filing complications, the IRS has brought back the old 1099 NEC Form to report NEC. By eliminating 1099 MISC box 7 NEC, the IRS has revised 1099 MISC Form boxes in the current tax year. We’ll let you know about the boxes revised in 2020 tax year. Every business individual must file 1099 NEC to …

Revised 1099 MISC Form 2021| 1099 MISC Form Changes Read More »

How to Request an Form 1099 MISC Box 7 Extension

How to Request an Form 1099 MISC Box 7 Extension: Filers must file the 1099-Misc Form before the due date with the IRS. If the filer uses electronic filing, then the filer must file the Form 1099-Misc to the IRS by March 31st, 2021. Also, if the filer uses paper filing, then the filer must file the Form 1099- Misc Box 7 to the IRS by February 28th, 2021. If the filer is not able to file the Forms 1099due to some reason on time, then he has a chance to extend the time for 1099 filing with the IRS. …

How to Request an Form 1099 MISC Box 7 Extension Read More »