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Now there are two 1099 forms to fill out, what are the differences between 1099-MISC and 1099-NEC? Every year, business owners are required to issue 1099-MISC to independent contractors by Jan 31 of the following year. Recently the IRS released a tentative draft of a new form tied to 1099 filing: 1099-NEC. Employee vs Independent Contractor Video: https://youtu.be/Fhlu7gyeer0 Year-End Checklist for 2020 Video: https://youtu.be/wN6n6W3JEHg If you have any questions please contact us at: (832) 295-3353 Set up an appointment with us today: https://xqcpa-bookme.acuityscheduling... Visit us: https://www.xqcpahouston.com/ Follow us to get the latest updates: https://www.twitter.com/xqcpa Like us on Facebook: https://www.facebook.com/XQCPA #1099NEC #1099MISC #IRS 00:00 - Intro 00:37 - 1099-MISC Redesigned 01:06 - 1099-NEC 02:02 - 1099-MISC 02:48 - Conclusion

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