The IRS has announced a new form to report non-employee compensation named the 1099-NEC. It's actually an old form being revived to report service providers. Accountingweb has a summary of the particulars for the form including a different due date than the other 1099 forms. Click here to view the summary.
Now that Joe Biden is the President-elect, we can surmise what policies he will direct his focus to put his fingerprints on . Well we can't but Kiplinger can. Although most are not tax specific, many are tax influencing so we have some some curiosity, correct? Click here to see what policies we can expect a focus on according to Kiplinger.
J. Alan Hayes