I wanted to make sure you are aware of significant changes to the 1099-MISC for the 2020 tax season.
If your customers typically file 1099-MISC forms (with Box 7 completed), they will now need to file form 1099-NEC (Nonemployee Compensation). The IRS estimates this will affect 70% of all 1099-MISC filings.

What does this mean for you and your customers?
You will need to ensure your customers are aware of the changes as the NEC will be replacing the majority of the 1099-MISC business.

Choice Checks will support the 1099-NEC. Rely on us for forms and more information.

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