2021 Tax Forms
In accordance with Federal requirements, Delta-T Group issues 1099 tax forms to document earnings generated during the tax year. Forms are mailed on January 31st.
Tax Year 2021 (IRS Form 1099-NEC)
We want to make sure you are aware that in 2020 the IRS announced a new 1099 form called 1099-NEC (non-employee compensation). This is for independent contractors and sole proprietors. If you meet the earnings threshold, we will issue you a 1099-NEC this year rather than the 1099-MISC you may have received in the past.
The only change with the 1099-NEC is that the IRS removed non-employee compensation (box 7) from the 1099-MISC. They created a separate form and the amount will be displayed in box 1 of the new 1099-NEC.
How do I access my 1099 tax form?
If you have met the earnings threshold requiring a tax form, your 1099-NEC are sent by way of the U.S. mail on January 31st.