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November 7, 2023
Combined Federal/State Filing Program Welcomes District of Columbia ...
November 7, 2023
Combined Federal/State Filing Program Welcomes District of Columbia and Pennsylvania, Enhancing Efficiency for Filers
January 27, 2021
To embed, copy and paste the code into your website or blog: For the 2020 tax year, the Internal Revenue Service (IRS) moved reporting of certain nonemployee compensation, including current and deferred compensation paid to independent contractors and corporate directors, from Form 1099-MISC to revived Form 1099-NEC (see our previous LawFlash). However, according to IRS Publication 1220, released on October 20, 2020, โForm 1099-NEC, Nonemployee Compensation is not part of the Combined Federa...