Historically, when you have paid $600 or more during a year to a nonemployee, you were required to file Form 1099-MISC (using box 7) by January 31 of the following year. This would include anyone who performed a service (non-employee compensation) for the church (independent contractors, guest speakers, etc.).
Beginning in 2020, the IRS has replaced form 1099-MISC with form 1099-NEC for any “nonemployee compensation”. Form 1099-MISC will still be used for other forms of payments. Also, form 1099-MISC box 7 will instead be used for “Payer made direct sales of $5,000 or more of consumer products to a buyer (recipient) for resale”.
Form 1099-NEC is not new, but it has not been used since 1982. “NEC” stands for “non-employee compensation”. What gets reported on form 1099-NEC? “fees, commissions, prizes, awards, and other forms of compensation paid to an independent contractor.”
In summary: Form 1099-NEC, Box 1 will replace any payments you previously filed on Form 1099-MISC, box 7.
The deadline for filing Form 1099-NEC is January 31. The deadline for form 1099-MISC is March 31.
As always, you are required to obtain a signed Form W-9 from any independent contractor prior to payment.