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IMPORTANT 2021 W-2 & 1099 CHANGES

Box 2—Payers may use either box 2 on Form 1099-NEC or box 7 on Form 1099-MISC to report any sales totaling $5,000 or more of consumer products for resale, on buy-sell, deposit-commission, or any other basis. Form 1009-NEC rezsized—The height of Form 1099-NEC has been reduced so it can accommodate 3 forms per page. 1099-PATR

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  Form, 0199

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