MarilynG1
Expert Alumni

Get your taxes done using TurboTax

@greatcareplus If you paid your Employee more than $600 in 2020, you should issue an 1099-NEC or a W-2. 

 

Beginning with the 2020 tax year, the IRS will require business taxpayers to report nonemployee compensation on the new Form 1099-NEC instead of on Form 1099-MISC.

 

Businesses will need to use this form if they made payments totaling $600 or more to a nonemployee, such as an independent contractor

 

This link gives detailed info Form 1099-NEC

 

Click this link for instructions on How to Create W-2s or 1099s for Employees or Contractors.

 

 

 

 

 

 

 

 

 

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