Payments for Attorneys and Non-Employee Services Must be Reported on New Form 1099-NEC Beginning in 2020
For the 2020 tax year, the IRS has implemented a new rule requiring that nonemployee compensation of more than $600 paid by a business, including payments to attorneys, over the course of a year must be made on a Form 1099-NEC. Those payments had previously been reported on the Form 1099-MISC. The payments that must […]
