The IRS plans to launch a new form for Contractors in 2020 that will replace the current 1099-MISC form. Businesses have using the 1099-MISC form to report payments in excess of $600 per calendar-year for independent contractors, vendors, consultants and freelancers.

Read the full article by CPA Practice Advisor – IRS Launches New Form Replacing 1099-MISC for Contractors in 2020.