The IRS recently released an update to Form 1099-MISC and its corresponding instructions. The most notable change is the decrease of the threshold for electronic filing from 250 or more forms to 10 or more forms. This change is pursuant to TD 9972, published February 23, 2023, and is in effect for information returns filed on or after January 1, 2024.
The only other notable change was to the “For calendar year” box which previously also had “20___”. This has been changed to just a blank line for the calendar year.
To view the form, click here.
