New for 2021 is Form 1099-NEC (Non-employee Compensation).  The IRS now requires exempt organizations to report non-employee compensation on the new Form 1099-NEC instead of Form 1099-MISC.  This is for payments totaling $600 or more to a nonemployee, such as an independent contractor.   Form 1099-NEC should be filed with the IRS and sent to non-employees by January 31, 2021.

To help with this transition, the Tax Exempt and Government Entities Division (TEGE) is offering a free Zoom awareness meeting on Thursday, January 14, 2021.

This meeting is designed to help exempt organizations understand the new Form 1099-NEC reporting requirements for the 2020 filing season.  Each session is limited to the first 950 participants.

Meeting Access Instructions – Thursday January 14th, 2021

Participants may also join via voice call using the following information:

Dial by your location and input the meeting ID when prompted:

  • +1 669 254 5252 US (San Jose)
  • +1 646 828 7666 US (New York)

The IRS is also accepting a limited number of questions.  Email TEGE.outreach@IRS.gov with the subject line “Pre-submitted questions for the Form 1099-NEC Awareness Day” and questions will be answered if time permits.

Additional Resources

If you are unable to attend the meetings, or need additional help, you can contact us with any questions about the new Form 1099-NEC or changes to Form 1099-Misc. We’re here to help.