topic I sent 1099-misc instead of new 1099-nec for non-employee compensation. Will that be OK for 2021 tax return? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/i-sent-1099-misc-instead-of-new-1099-nec-for-non-employee-compensation-will-that-be-ok-for-2021-tax/01/2441642#M871027 Thu, 03 Feb 2022 14:45:59 GMT coburns2 2022-02-03T14:45:59Z I sent 1099-misc instead of new 1099-nec for non-employee compensation. Will that be OK for 2021 tax return? https://ttlc.intuit.com/community/taxes/discussion/i-sent-1099-misc-instead-of-new-1099-nec-for-non-employee-compensation-will-that-be-ok-for-2021-tax/01/2441642#M871027 Thu, 03 Feb 2022 14:45:59 GMT https://ttlc.intuit.com/community/taxes/discussion/i-sent-1099-misc-instead-of-new-1099-nec-for-non-employee-compensation-will-that-be-ok-for-2021-tax/01/2441642#M871027 coburns2 2022-02-03T14:45:59Z Re: I sent 1099-misc instead of new 1099-nec for non-employee compensation. Will that be OK for 2... https://ttlc.intuit.com/community/taxes/discussion/re-i-sent-1099-misc-instead-of-new-1099-nec-for-non-employee-compensation-will-that-be-ok-for-2/01/2442484#M871381 <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">The IRS addresses this.</SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif"><U>2021 General <A href="https://www.irs.gov/pub/irs-pdf/i1099gi.pdf" target="_blank">Instructions</A> for Certain Information Returns</U> <STRONG>Penalties</STRONG> Pages 19 and 20 states:</SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif"><EM>If you fail to file a correct information return by the due date and you cannot show reasonable cause, you may be subject to a penalty. The penalty applies:</EM></SPAN></SPAN></P> <UL> <LI><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif"><EM>If you fail to file timely,</EM></SPAN></SPAN></LI> <LI><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif"><EM>If you fail to include all information required to be shown on a return, or&nbsp;</EM></SPAN></SPAN></LI> <LI><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif"><EM>If you include incorrect information on a return.</EM></SPAN></SPAN></LI> </UL> Thu, 03 Feb 2022 18:39:49 GMT https://ttlc.intuit.com/community/taxes/discussion/re-i-sent-1099-misc-instead-of-new-1099-nec-for-non-employee-compensation-will-that-be-ok-for-2/01/2442484#M871381 JamesG1 2022-02-03T18:39:49Z