1099 MISC | IRS Form 1099 Misc 2020 | E File 1099 MISC | Form 1099 Online

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IRS Form 1099-Misc Changes For 2020
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• 2020 Form 1099-Misc Changes

Form 1099-Misc has been changed and box numbers
have been rearranged due to the creation of
1099-NEC. Particularly, Form 1099-Misc Box
7 changed due to the reintroducing of the
1099-NEC Form. Filer who wants to report
miscellaneous payments must use the 1099-Misc
2020 Form. Also, filer must file Federal Tax
1099-Misc Form to the IRS before the deadline.
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Boxes Of IRS 1099-Misc Form

• Internal Revenue Service changes the form
  1099-Misc. Box numbers of Printable 1099-Misc
  Form rearranged as follows.
• Payer made direct sales of 5,000 or more used to
  report in box 7.
• Box 9 of Fillable 1099-Misc Form used for
  reporting crop insurance proceeds.
• 1099-Misc Box 10 used for reporting gross
  proceeds to an attorney.
• Section 409A deferrals reported in box 12 of
  the 1099-Misc Tax Form.
• Box 14 of Printable 1099 Misc Form used for
  reporting nonqualified deferred compensation
  income.
• 1099-Misc 15, 16, and 17 Boxes used to report
  state taxes withheld, state identification
  number, and amount of earnings earned in the
  state, respectively.

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Why IRS Changed Federal Tax 1099-Misc Form?

• Payers always confuse about 1099-Misc Form Filing
  Deadlines. Before changing 1099-Misc, payers use
  Form 1099-Misc for reporting NEC payments in box
  7. Generally, Box 7 payments (non-employee
  payments) must be report to the IRS and recipient
  by January 31st. And, remaining payments reported
  to the IRS by February 28th through paper forms.
  If the filer reports Box 7 payments with other
  payments after January 31st, IRS considers the
  form as a late filing Form. Even IRS also
  confuses to declare late filing Forms. To avoid
  the confusion, IRS uses the 1099-NEC form and
  changed the 1099-Misc Form.

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1099-Misc 2020 Filing Deadlines

• Filer can file a 1099-Misc Form by using 2020 IRS
  paper forms or electronically. Also, must issue a
  1099 Form to the recipient by February 1st, 2021
  if the filer uses either E-filing or paper
  filing. Box 8 and Box 10 payments are must report
  to the recipient by February 15th. File 1099-Misc
  Paper Form to the IRS by March 1st, 2021. Through
  electronic filing, filer must file his tax form
  to the IRS by March 31st, 2021.
• If filer does not file Form 1099 Online before
  the deadline, then he must request an extension
  with the IRS. For getting more time, must file
  the 8809 Form before the due date with the IRS.

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Contact Details

• gtForm1099Online
• gtP.O.BOX-67208,gt1749 N Roosevelt Ct, Wichita,
  KS.gtCall 1 316-869-0948gtEmail
  support_at_form1099online.comgtwww.form1099online.com