1099 statements updated for 2020 tax law
Important
This content is archived and is not being updated. For the latest documentation, see Microsoft Dynamics 365 product documentation. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.
| Enabled for | Public preview | General availability |
|---|---|---|
| Users by admins, makers, or analysts | - | 
Mar 31, 2021 |
Business value
The feature helps ensure compliance with the 2020 IRS requirements.
Feature details
This feature updates the process for printing the 1099-MISC, 1099-NEC, and 1099-OID forms for 2020 to ensure compliance with current tax law. The 1099 electronic file format has also been updated to maintain compliance. These changes are required and are turned on by default.
See also
Year-end activities FAQ (docs)