What are the changes in Form 1099-MISC 2020?
1.3k 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.
 

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