Infographics: IRS Form 1099 NEC 2021 Tax Year
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IRS Form 1099-NEC Changes for the 2021 Tax Year
There are a few changes to Form 1099-NEC for the 2021 tax year that filers should be aware of.
In Form 1099-NEC 3 field level changes are updated for 2021 (on box 1, box 2, and FATCA check box).
Click here to know more about 1099 NEC changes in detail.
Note: In order to reduce the manual work IRS suggests the filers switch to filing the forms electronically.