By June Callari, CPA, MBA and Vedha Krishnamoorthy, CPA Beginning with tax year 2020 (Form 1099s filed in January 2021), the new Form 1099-NEC, non-employee compensation, must be used to report payments of non-employee compensation (NEC). These payments were previously reported in box 7 on Form … [Read more...] about New Form 1099-NEC for Reporting Non-employee Compensation