Hello, @cab21.
It's great to see you back in the Community. I'll be happy to share some information to answer your question about the new 1099-NEC form.
In the 2020 tax year, you'll be required by U.S. tax law to file the 1099-NEC form for anyone that was paid $600 or more in the previous year. If you've withheld any federal income tax under the backup withholding rules for anyone, then you'll need to file the form them as well.
When it comes time to file, you can check out these guides below to give you some helpful insight into 1099s.
After reading this insight, you should get a better understanding of a 1099-NEC. If you have any other questions or concerns, don't hesitate to ask. I'll always be around to help. I hope you have a great rest of your week and holiday!
