The IRS has changed the 1099 form for 2020. For non-employee compensation instead of filing form 1099-MISC you will now use a form 1099-NEC.  The changes require a Supported Sage Version with the Latest Updates.

You will need to plan to issue this new form for applicable compensation. The penalty for late or failure to issue varies from $30 (30 days late) up to $550 (failure to file) per form. You CAN use Aatrix outside-of-Sage and load your info via a spreadsheet for printing and filing. If you are using Sage100 to print these forms, you will need to accumulate the correct data for filing this new form, and you must be on the latest supported release of Sage 100 for either version 2018, 2019 or 2020. You may hand-file if you only have a few to file.

Sage made code changes made to support the new 1099-NEC form. It involves new fields, changed fields (even on the 1099-M form) and box numbers and even a separate utility to move existing 1099-M vendor fields and boxes to 1099-NEC (formerly 1099-MISC ). The new Aatrix form is not yet available, but expected in mid December.

This requires a Supported Sage version with the latest updates.

Sage 100 version 2018.10

Sage 100 version 2019.4

Sage 100 version 2020.1

See Sage Info at Sage1099NEC

After installing, you will need to run a utility which moves the 1099-MISC data to the new fields 1099-NEC. READ notes on running the conversion utility. The utility was issued in November and an enhanced utility was released December 11th with the AP_1099MISC_utl utility. It can be run multiple times, and includes Open Invoices and year 2021 and beyond transactions.

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