Casey
  • Casey
  • Administration Topic Starter
2020-11-13T05:54:16Z
#1: What is 1099-NEC
Form 1099-NEC is a new IRS tax form designed to report Nonemployee Compensation.

#2: Who need to file 1099-NEC
Beginning with tax year 2020, you need to file Form 1099-NEC, Nonemployee Compensation (NEC), for each person in the course of your business to whom you have paid the following during the year:

At least $600 in:

1. Services performed by someone who is not your employee (including parts and materials) (box 1);

2. Cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish (box 1); or

3. Payments to an attorney (box 1). (See Payments to attorneys, later.)

You must also file Form 1099-NEC for each person from whom you have withheld any federal income tax (report in box 4) under the backup withholding rules regardless of the amount of the payment.


#3 How to file 1099-NEC
Both ezW2 software and ez1099 software can be used to paper print, PDF print and efile 1099-nec forms. We offer the demo versions. Please feel free to test drive with no obligation and no risk.

Option 1: ezW2 software(from $39): for W2, W3, 1099-nec and 1096

If you file 1099-NEC only, we suggest ezW2 software.
https://www.halfpricesoft.com/w2_software.asp 


Option 2: ez1099 software(from $79): for 1099s, 1098s, 5498s, W2G, 1097BTC, 8935, 3921, 3922, 1096

If you need to file 1099-NEC with 1099 MISC, K, OID, DIV or other 1099 forms, please use ez1099.
https://www.halfpricesoft.com/1099_software.asp 
Casey
Please feel free to contact us directly  if you need assistance
Small Business Payroll & Tax Software Solution
https://www.halfpricesoft.com