Tax
Feb. 22, 2021
Independent contractors puzzle over new IRS Form 1099-NEC
For 2020 payments, the IRS developed a new form for reporting payments to independent contractors. The new form is IRS Form 1099-NEC. Many lawyers or law firms acting as independent contractors received these forms too
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
Taxes and tax filings are unpleasant yet inevitable. We all have to file tax returns and pay taxes, and those obligations will be here before you know it. In 2020, with the onset of COVID and closures everywhere, the IRS gave special dispensation, making the usual April 15 filing and payment deadline for 2019 tax returns July 15, 2020. But it's 2021 now, and it is clear that the April 15 filing deadline this year will not be extended.
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