Revision to Publication 15-B, Employer’s Tax Guide to Fringe Benefits, provides the business mileage rate for 2021, the monthly exclusions for qualified parking and commuter highway vehicle transportation and transit passes for 2021, and health FSA amounts for 2021. Deadline for employers to report nonemployee compensation paid in 2020 on new Form 1099-NEC is [was] February 1, 2021. [IRS Pub. 15-B (for use in 2021)]
Reference:
View Source Document.
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.