Will changes to 1099 forms be postponed due to COVID?

April 21, 2020

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Q. We are preparing to do the internal system changes for the 2020 1099-NEC and 1099-MISC changes. With COVID-19, do you see the IRS postponing these changes? A. (Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, and state reporting.) The IRS hasn't given any indication that implementation of Form 1099-NEC for tax year 2020 will be postponed.  The 2020…

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