1099-NEC Requirement for 2020
Summary
Does anyone know if Oracle will be supporting IRS form 1099-NEC?Content
My AP department just informed me that 1099-Misc Box 7 will be reported on a new form 1099-NEC starting in 2020. As far as I can tell, Oracle Cloud only supports 1099-Misc. Looking for any information on how they will handle the new requirement. I haven't seen any documentation yet. Thanks!
Version
19C0