The IRS Form 1099-NEC replaces the Box 7 from the IRS Form 1099-MISC for reporting nonemployee compensation amounts. Legislation in 2015 caused the deadline for Box 7 information to change from March 31 to January 31, but the due date for the other boxes on the 1099-MISC forms remained March 31. In essence, this change created two separate deadlines for the same form. The 1099-MISC will then be used for all other types of miscellaneous compensation. Here is a sample informational version of IRS Form 1099-NEC for reference.
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