The Form 1099-NEC was reintroduced for tax year 2020. The 1099-NEC covers “Non Employee Compensation” – generally the payment of independent contractors. Prior to the return of the 1099-NEC, the 1099-MISC was used to cover this case, creating the ironic situation of the 1099-MISC being the most common version of the 1099 Family of Reports.
If you are a “1099 worker” you will get a 1099-NEC, and if you use contractors, you will be supplying 1099-NEC forms. They are similar to the older 1099-MISC forms, but focused on the fields relevant to contractors.