Keeping pace with the number of regulatory updates and tax form changes has become a challenge for businesses. Just when you think you have everything figured out, along comes another new form. 2020 is no different.
This year the IRS is introducing Form 1099-NEC for nonemployee compensation. As this change will impact organizations of every type and size, we have assembled a list of the five things you absolutely need to know about Form 1099-NEC.
Additionally, Sovos is hosting another webinar on The Last Chance to Learn About Form 1099-NEC Before Tax Season. Register to save your spot, today!