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What Changes Will be Taking Place to Account for IRS Change from 1099 MISC 7 to 1099 NEC? (Doc ID 2652552.1)

Last updated on JUNE 15, 2020

Applies to:

Oracle Fusion Payables Cloud Service - Version 11.13.19.07.0 and later
Information in this document applies to any platform.

Goal

IRS has confirmed the change from 1099 MISC 7 to 1099 NEC. When can the form change be expected for Fusion Cloud Payables and should there be any change in processing to ensure compliance with the format?
 

Solution

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