In accordance with Federal requirements, Kaleidoscope Education Solutions issues 1099 tax forms to document earnings generated during the tax year. Forms are mailed by 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.