If you pay a non-employee over $600 in 2020, this is no longer reported to the recipient and IRS on Form 1099-MISC. New for 2020, all non-employee compensation will be reported on Form 1099-NEC.
For more information, contact Erin Pitts at (770) 287-7800 or epitts@rushtonandcompany.com. Stay tuned for more tax tips or follow them on our social media accounts every #TaxTipTuesday!