The requirements for reporting NEC have changed:1099-NEC: File Copy A of this form with the IRS by February 1, 2021 (which is the same day that they are due to the recipients).
Many companies are used to having some time in between the sending of the 1099's to their vendors and when they need to report to the IRS. Please make sure you address this well in advance of these new requirements, so you are not in a bad spot come February 1, 2021. Consider reaching out to your GP partner soon to make a plan so you are not caught up in a bad situation at crunch time.
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