1099-NEC TAX FORMS

Use Form 1099NEC to report non-employee compensation.

This form replaced the 1099-MISC Box 7 for reporting non-employee compensation in 2020.

1099 Form Changes for 2021

  • 1099NEC is a 3up format (instead of 2up) Learn More
  • E-Filing of Copy A COULD be required for 100+ forms.
    The IRS will make the decision by November. For now, it is required for 250+ forms. Please stay tuned... 

New 1099NEC Forms & E-filing is simple with the right options from ZBP Forms.

WHAT IS 1099NEC?

Income reporting for non-employees.

It is used to report $600+ in non-employee compensation previously reported on 1099-MISC forms. This was a new form in 2020, and it has a new 3up format for 2021.

WHEN IS IT DUE?

Forms must be mailed to recipients by January 31.

They must be also be e-filed with the IRS by January 31 (if you have 10+ recipients for a single payer) or mailed by Jan 31, 2022 with a 1096 transmittal summary form.

WHO SHOULD USE IT?

Businesses required to report payments of $600+ to non-employees.

Any business who pays contractors, freelancers, attorneys or any person considered a non-employee must report payments of $600+ during the tax year.

POTENTIAL NEW E-FILE REQUIREMENTS

E-filing thresholds MAY change for 2021.

If you file 100+ forms for a single payer, you may need to e-file this year. The IRS will make this decision by November. Use DiscountEfile.com to make it easy - we can even print and mail forms! Learn More.

Online Filing Eliminates the Forms!

1099-NEC Forms