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Press Release - July, 2020

Michael Stewart
Director of State Compliance
Email Michael Stewart

New form 1099-NEC and significant changes to form 1099-MISC !

Major changes to IRS Form 1099-MISC and a new form 1099-NEC (Non-Employee Compensation) for Tax Year 2020.

Non-Employee Compensation is now reported on the 1099-NEC and no longer on Box 7 of 1099-MISC Source: www.irs.gov/forms-pubs/about-form-1099-nec

1099-MISC has major changes with box renumberings and new boxes. Source: www.irs.gov/forms-pubs/about-form-1099-misc

Users of 1099 Pro can file 1099-NEC electronically before the 1/31 IRS filing deadline by using 1099 Pro Enterprise software or via 1099 Pro's SSAE 16 SOC I Type II certified Service Bureau using 1099 Pro Professional software.

Download the 2020 form 1099-NEC sample import file

Download the 2020 form 1099-MISC sample import file

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About 1099 Pro, Inc.

1099 Pro, Inc. ( www.1099pro.com ) is a market-leading provider of information-reporting Solutions & Services for 1099, W-2 and 1042-S filers. 1099 Pro develops and markets a comprehensive range of products that enables any size of business or institution to effectively manage and complywith all 1099, W-2 and 1042-S filing requirements.

1099 Pro products range from i) Client Server / ASP applications capable of filing over 100 million records utilizing a MS SQL back end with a multi year presentation of forms via Internet Explorer to ii) desktop software products for filing from 20 - 100,000 forms to iii) www.eFileMyForms.com for internet filing of < 20 forms. Adjunct products include secure Hosting and Services for information processing, printing, filing and penalty abatement.

1099 Pro is a Microsoft Certified Partner, MBE certified and has received SSAE 16 SOC I Type II certification.