Form 1099-NEC for the 2020 Tax Year

Beginning with the 2020 tax year, we will be using Form 1099-NEC for reporting purposes.

This form is used for reporting agent earnings as non-employee compensation. You’ll notice some differences:

• There are fewer boxes.
• Earnings will now be reported in Box 1.
• Also included in Box 1 will be bonuses, prizes, and the value of the incentive trip (if applicable).