Sage has published two knowledgebase articles with instructions to produce the New 1099-NEC Forms required for non-employee compensation. This type of compensation will no longer be reported on the 1099-MISC.
Because the IRS requires that scannable forms be used for Copy A of the 1099-NEC, we are providing two options. One option provides .FRM files for the IRS provided forms (these can be ordered directly on the IRS website), and the other option supports the scannable 1099-NEC Forms available from Sage Checks and Forms.
Note: Information on the new 1099-NEC functionality provided through Aatrix will be available shortly based on upcoming tax releases for customers with a payroll subscription. For an optimal experience, it is recommended that you upgrade to the latest release (2021.1.1 – Build 28.1.01.0176) and then install any year-end tax releases. The first Sage 50 tax update is expected to be available mid-December 2020.
Need help closing the year?
Visit Sage.com/Resources for options, including links to Sage Year-end Center, Sage Knowledgebase, Sage City, and Sage University, as well as Sage Q&A Live, Chat, and Online Case submission.
Questions? To start (or join) a discussion about this topic, please visit the Sage 50 US General Discussion forum.