What are the changes in Form 1099-MISC 2020?
1.1k views | Last modified 11/30/2020 3:33:10 PM EST | Added by 123PayStubs Team

The changes and rearranged box numbers in Form 1099-MISC for reporting certain income and the form’s box numbers are listed below. 

  • Previously, “Non-Employee Compensation” payments were reported to recipients in form 1099-MISC, Box 7. but now in box 7 you report “Payer made direct sales of $5,000 or more (checkbox)”.
  • Crop insurance proceeds are reported in box 9
  • Gross proceeds to an attorney are reported in box 10
  • Section 409A deferrals are reported in box 12
  • Nonqualified deferred compensation income is reported in box 14
  • Boxes 15, 16, and 17 report state taxes withheld, state identification number, and amount of income earned in the state, respectively.

123PayStubs`supports the most up-to-date Form 1099-MISC. You can file 1099-MISC easily by following a few simple steps with 123PayStubs.

Was this helpful? Yes No

Create Pay Stub using our
Paystub Maker

Create Paystub Now

Returning User? Sign in

Couldn't find what you
are looking for?

Contact Us

[email protected]