Announcement

Collapse
No announcement yet.

1099 MISC Form alone is NOT adequate for reporting IC Groomers for 2020 payments

Collapse
This is a sticky topic.
X
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • 1099 MISC Form alone is NOT adequate for reporting IC Groomers for 2020 payments

    If you pay IC groomers and report using the 1099 MISC form there is a big change for earnings in 2020. Starting in 2020 (for earnings in 2020), you must ALSO file the 1099-NEC (non employee compensation) form. Be sure to research that with your bookkeeper and/or CPA.
    Most questions regarding GroomerTALK are answered in the Board Help Talk Forum. Thanks for coming to our community a part of PetGroomer.com https://www.petgroomer.com.

  • #2
    Me guess. The misc can be used for all sorts of misc income. The NEC is only for that, so it is going to make it much easier and faster for them to check on ICs.

    Comment


    • #3
      I go with they are targeting ICs bigger than ever.

      Comment


      • #4
        I am surprised there are still 1099 out there groomers.

        Comment


        • #5
          Yep this is a great setup to move quicker to investigate who is using ICs right or wrong.

          Comment


          • #6
            Originally posted by Lions and Tigers View Post
            I am surprised there are still 1099 out there groomers.
            Why are you surprised? There are many 1099 groomers still out there
            Ain't always easy to stand up for what is right.

            Comment


            • #7
              1099 can be a big target.

              Comment

              Working...
              X