AGRIS Customer Documentation

Regulatory: Support forms 1099-NEC (Nonemployee Compensation), 1099-MISC, and 1099-INT for the 2020 tax year (AGS-10545)

Owned by Iegor Gutyria (Unlicensed)
Last updated: Nov 20, 2020 by Mike Terning
2 min read

Benefits

Maximize the ability to comply with 2020 IRS filing regulations.

Details

Now you have the ability to file the 1099-NEC form. The purpose of the 1099-NEC form is to replace 1099-MISC box 7 altogether as a new form for reporting nonemployee compensation.

Also, there are now 2020 versions of the 1099-MISC and 1099-INT standard forms.

How to run the new 1099-NEC report

Go to ACP > Account Processing > Print 1099 Forms

  1. In the year field type 20

  2. Select Name Id

  3. Click OK

Click OK again.

Select Standard Forms.

Select standard report option 31.

The printed form should look like this.

 

Electronic Reporting

Go to ACP > Account Processing > 1099 Electronic Reporting

On the far right, you will see two new columns under 1099 NEC.

Click Next.

To include new 1099-NEC data in Electronic file, select 1099 Type option 3 or 4.

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