Although 1099-NEC Form Online is now used to report independent contractor income, the 1099-MISC Form Online is still around. It is used to report miscellaneous income such as rent or payments to counsellor.
Since both forms are in use, contractor payments in 2020 and beyond will be reported on the new form 1099-NEC. The due **** for the 1099-NEC is January 31st of the year following the applicable tax year. As usual, if January 31st does not fall on a business, the due **** will be extended to the next business day.
