Who must file Form 1099-NEC?
1.4k views | Last modified 10/23/2023 7:05:13 AM EST | Added by ExpressEfile Team

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

Form 1099-NEC must be filed by payers if any of the following conditions are met:

  • The payer has made payment to someone who is not their employee or an individual, partnership, estate, or corporation
  • The payer has made payment for services in the course of business or trade
  • The payer has made payment totaling $600 in the calendar year

Form 1099-NEC must also be filed if federal income tax based on backup withholding rules was withheld even if the payment made is less than $600 within a year. You can e-file Form 1099-NEC through ExpressEfile easily and securely.

Nonemployee compensation includes the following types of payments:

  • Fees
  • Benefits
  • Commissions (including payments made to nonemployee salespeople)
  • Prizes and awards for the services rendered by a nonemployee
  • Fish purchases for cash
  • Professional service fees paid to attorneys
  • Any other form of compensation for services performed for your trade or business by a nonemployee.

Note: You need not file Form 1099-NEC to report personal payment.

Get Your Fillable Form W-9 for FREE!

If you are a payee Fill out Form W-9 electronically securely through TaxBandits. Users must fill in their required information, such as name, address, TIN, and Federal Tax Classification. After signing, they can review and edit the information and can download or share the form via TaxBandits. The form can be sent directly to payers or printed and distributed. 

 

To learn how to file Form 1099-NEC with ExpressEfile, click here.

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