1099 Continuous Carbonless Forms
1099 forms for pin-fed printers or typewriters.
- 1099 Continuous forms at lower prices
- Print multiple copies in a single pass
- Compatible with many accounting systems
HUGE Changes to 1099 filing!
1099NEC replaces 1099MISC forms for nonemployee compensation.
If you used 1099MISC to report non-employee compensation in Box 7, you must use the new 1099-NEC form for 2020. It is designed specifically for contractors, freelancers and those are NOT employees.
If you file 100+ forms, e-filing to IRS is required for Copy A. (it changes again in 2021 to just 10+ forms)
IT’S LIKELY YOU NEED DIFFERENT 1099 FORMS THIS YEAR…
If you have used 1099MISC forms to report payments to contractors, freelancers or any type of nonemployee compensation (using Box 7), you must change to the new 1099NEC forms for 2020.
SAY GOOD-BYE TO RED FORMS, AND HELLO TO E-FILING…
If you file 100 or more 1099 forms, you MUST E-FILE with the IRS in 2020.
This changes again next year, when anyone filing 10+ forms is required to efile.
LUCKILY, WE HAVE ONE EASY SOLUTION!
Instead of hassling with new forms, wondering if your software meets the new requirements – make the switch to online filing this year.
DiscountEfile.com is super simple and secure. Easily import data from QuickBooks and have us do the rest!
We’ll print and mail recipient copies and e-file with the IRS for one low price.
WHAT IS 1099NEC?
The 1099NEC Form is new for 2020.
It is used to report non-employee compensation that was previously reported in Box 7 of 1099-MISC form.
WHEN IS IT DUE?
Forms must be mailed to recipients by January 31.
They must also be mailed or e-filed with the IRS by February 1, 2021 (Jan 31 is a Sunday).
WHO SHOULD USE IT?
Businesses required to report payments of $600 to contractors, freelancers, attorneys and more.
If you have used a 1099-MISC form in the past to do this, use the 1099-NEC for 2020.
ONE MORE THING…
E-filing thresholds have also changed for 2020.
If you file 100+ forms, you must efile. (It used to be 250+)
That will also change again in 2021, with e-file required for 10+ forms per payer.
1099-NEC or 1099-MISC?
The IRS will require that businesses use Form 1099-NEC to report non-employee compensation in 2020.
Using the 1099MISC form to report payments to contractors may result in a penalty.
The new 1099NEC form replaces the 1099-MISC for reporting nonemployee compensation (Box 7), shifting the role of the 1099-MISC for reporting all other types of compensation.
The overall process for reporting nonemployee compensation is changing drastically for the 2020 tax year. We’ve compiled the essential details regarding the changes, so you know what to expect and how to handle each of the forms to avoid penalties.
1099-MISC Form – 1-part Mag Media Carbonless
1099-MISC Form – 3-part Carbonless
1099-MISC Form – 3-part Mag Media Self Mailer
1099-MISC Form – 3-part Non-Dated Mag Media Self Mailer
1099-MISC Form – 4-part Carbonless
1099-MISC Form – 4-part Carbonless Self Mailer
1099-MISC Form – 4-part Self Mailer
1099-MISC Form – 5-part Carbonless
1098 Form – 2-part Non-Dated Mag Media Self Mailer
1098 Form – 3-part Carbonless
1098 Form – 3-part Carbonless Self Mailer
1098 Form – 4-part Carbonless
1098-T Form – 4-part Carbonless Self Mailer
1099-B Form – 3-part Carbonless
1099-B Form – 4-part Carbonless
1099-C Form – 3-part Carbonless
1099-G Form – 4-part Carbonless
1099-LTC Forms – 4-part Carbonless
1099-OID Form – 4-part Carbonless
1099-PATR Form – 2-part Mag Media Self Mailer
1099-PATR Form – 4-part Carbonless
1099-Q Form – 4-part Carbonless
1099-R Form – 6-part Carbonless Self Mailer
1099-S Form – 4-part Carbonless