For the 1099-NEC can you add the Form type NEC in tapV1099Form so that we may start tracking our payments for 2020. When I spoke with support they said you were waiting on the IRS to send the Sage the information so Sage could update. The person in support said it may be available in June or July. It is better to track payments to vendors as they happen and not have to go back through 1000's of payments and correct or add 1099 information

With the type in the system we can create the boxes associated with the 1099-NEC. The forms and the reports will not be needed until the end of the year.

Six to seven months of payments is to much to miss.

by: Calene K. | over a year ago | 1 - Financial Management