Not exactly. But in truth, it wasn’t all bad. As the novel coronavirus (COVID-19) continues to spread globally, its societal impact is reshaping the way businesses operate. As part of this, the IRS and States are amending their policies to make the reporting easier and avoid any complexities in the process. One of the important changes from the Tax Year 2021 is the introduction of Form 1099 NEC Online for easy reporting of nonemployee compensation and eliminating confusion over the filing deadline.