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Nuts and Bolts: 2020 1099-NEC Form (MISC)

December 26, 2020
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Nuts & Bolts – 2020 1099-NEC Form (MISC)
 
Form 1099-NEC will be mailed out the first week of January to all U.S. based artists who were paid more than $600.00 in 2020.  When you receive your Form 1099-NEC, please review the information and let us know ASAP if there are any errors as the forms must be filed with the IRS on January 31st and it is difficult to correct mistakes after that date. 
 
All corrections should be sent to accounting@gcuniverse.com    

NOTE: 1099-NEC (Non-employee Compensation) will now be used instead of the 1099-MISC form see here for details on the change of form.
 

The difference is made in the details!

Mindy
GCU Community Manager

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