What is Form 1099-NEC?
771 views | Last modified 1/6/2021 10:00:34 AM EST | Added by ExpressEfile Team

Applicable To
Form 941 Form 1099 / W-2 Form 2290

Form 1099-NEC is filed to report nonemployee compensation. It isn’t a replacement of Form 1099-MISC, it only replaces the use of Form 1099-MISC for reporting independent contractor payments of “Nonemployee Compensation”.

If a payer has made at least $600 as compensation to individual contractors, they must file Form 1099-NEC with the IRS and send copies of the form to recipients. The deadline to file Form 1099-NEC and send recipient copies is January 31st. For the 2020 tax year, the deadline is February 01, 2021.

When filling out Form 1099-NEC, below are the details required:

  • Business’s name, address, and phone number
  • Business’s TIN
  • Recipient’s name, address, and TIN
  • Total nonemployee compensation
  • Federal and state income tax withheld

To file Form 1099-NEC using ExpressEfile, make sure you have these details before you begin filing Form 1099-NEC.

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