Direct Sellers may need to report the 1099-NEC & the 1099-MISC to the same recipient this tax season, per the latest IRS requirements published July 17, 2020.
Sovos, the # 1 private filer of Form 1099s and the Direct Selling Association (DSA) have put together an exclusive webinar to help Direct Sellers understand:
- When do Direct Sellers need to issue Form 1099-NEC versus Form 1099-MISC?
- What can Direct Sellers expect from the IRS to help alleviate the duplicate tax reporting burden?
- How are state tax jurisdictions implementing these changes?
Download now and learn how to alleviate some of the burden and additional risk while providing a user-friendly seller experience for increased customer retention.
For an even more in-depth look at the requirements on Form 1099-NEC, how it will impact your business, and best practices for reporting on this new form, register for our upcoming webinar: Last Chance to Learn About Form 1099-NEC Before Tax Season.