Form 1099 Changes Made Me Upgrade Microsoft Dynamics GP
By: Dean Dorton | December 1, 2020
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Effective for tax year 2020, the IRS has changed the way non-employee compensation should be reported. This was previously reported on 1099-MISC Box 7. Non-employee compensation will now be reported on 1099-NEC Box 1. It's time to consider upgrading your accounting software to make changes around this easy and efficient.
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