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1099-NEC Requirement for 2020

edited Oct 23, 2019 8:51PM in Payables, Payments & Cash Management 4 comments

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

19C
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