UNITED STATES – NONEMPLOYEE TAX REPORITNG

Beginning with tax year 2020, compensation, including equity compensation, paid to nonemployees (i.e., outside directors, consultants, independent contractors) must be reported on new Form 1099-NEC (previously reported on Form 1099-MISC). Form 1099-NEC is due by January 31 of the relevant year (February 1 next year as January 31, 2021 falls on a Sunday).

For additional details, including new Form 1099-NEC and related instructions, please visit IRS.gov Form 1099-NEC

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