Benefits of Filing Form 1099-NEC Online With ExpressEfile
Below are the best benefits you’ll get when you E-file Form 1099 through ExpressEfile
![Form 1099-NEC Filing Status](/Content/images/real-time-notification.png)
Instant Filing Status
You will receive instant notifications via email as soon as the IRS processes your return.
![Form 1099-NEC Error check](/Content/images/Instant-Filing-Status.png)
In-built Error Check
Your returns will be validated based on IRS business rules in order to reduce the chances of rejection.
![Form 1099-NEC postal mailing](/Content/images/Notifications.png)
Postal Mailing
Opt for the postal mailing option to send return copies to your recipients on your behalf.
![Email Form 1099-NEC Copies](/Content/images/Postal-Mailing-icon.png)
Email Form Copies
After transmitting the return to the IRS, you can download the copies or email them directly to the recipients.
How to File Form 1099-NEC Online for 2023 Tax Year?
Follow the simple steps below to File 1099 NEC online.
![Enter Form 1099-NEC Information](/Content/images/eef-feature-icon-1.png)
Enter Information
Enter the 1099 form 2023 information such as payer and recipient info, nonemployee compensation, and federal income tax withheld if any.
![Review Form 1099-NEC](/Content/images/eef-feature-icon-3.png)
Review Form
Review the draft form and make sure the information entered is correct. Update the information if you find
any mistakes.
![E-File Form 1099-NEC](/Content/images/e-sign-form.png)
Transmit the Return
to IRS
If there are no mistakes, simply transmit the return to the IRS. You can then download or email the return copies from the application.
Start E-filing Form 1099-NEC. It takes less than 5 minutes.
Get your Fillable W-9 Form Online
The fillable W-9 solution offered by TaxBandits enables users to easily fill and e-sign the W-9 form in minutes. Our system performs basic data validations to make sure the W-9s are accurate and error-free. Once completed, the W-9s are securely stored and can be accessed, edited, or shared at any time.
Information Needed to E-File Form 1099-NEC
Here are the details required to file Form 1099 NEC online:
- Payer Details: Name, TIN, and Address
- Recipient Details: Name, SSN/EIN, and Address
- Nonemployee compensation
- Federal income tax withheld
- State Filing Details:
State Income, Payer State Number, and State Tax Withheld
If you have the above information ready, start filing Form 1099-NEC online.
It takes less than 5 minutes.
![Form 1099 NEC for 2023](/Content/images/form1099nec.png)
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Frequently Asked Questions on Form 1099-NEC
What is IRS Form 1099-NEC?
Form 1099-NEC is filed to report payments ($600 or more) made to nonemployees or independent contractors for the work done. Earlier, nonemployee compensation was reported in Box 7 of Form 1099-MISC. Now, the IRS wants it to be reported in a separate 1099 form.
Here are the things to be reported in the 1099-NEC Form.
- Fees
- Commissions
- Prizes
- Awards
- Other forms of compensation for service
When is the deadline to file Form 1099-NEC?
The 1099 due date 2023 to send recipient copies is January 31, 2024. Also, the deadline to file 1099-NEC (both paper and electronic filing) with the IRS is January 31, 2024.
E-File Form 1099 with ExpressEfile to meet your deadline. E-File Now
What is the penalty for not filing 1099-NEC on time?
The IRS will impose penalties if you fail to file Form 1099-NEC on time. Below are the penalties of IRS Form 1099-NEC:
If you file Form 1099-NEC within 30 days after the deadline, there will be a penalty of $60/return.The penalty rate will continue to increase $120/return if you file after 30 days but before August 1, and to $310/return if you file after August 1.
The best way to avoid penalties is to E-File Form 1099 NEC easily with ExpressEfile and get the filing status instantly.
How long does it take for the IRS to accept my Form 1099-NEC?
The IRS will process Form 1099-NEC within 2-5 business days. When you e-file Form 1099-NEC through ExpressEfile, you will receive the status of your return by email instantly as soon as the IRS processes your return.
Are there any exemptions for filing Form 1099-NEC?
Yes, you are not required to file Form 1099-NEC if you have paid:
- C or S corporation,
- For the merchandise, telegrams, telephone, freight, storage, and similar items, or
- Tax-exempt organizations.
I have information for multiple payees. How do I enter all of them in order to complete my 1099 forms?
ExpressEfile easily handles this: simply use one of our two upload options, Smart Upload or Bulk Upload.
- Smart Upload: Use your own 1099 Excel template to upload all of your data.
- Bulk Upload: Use our Excel sheet to input and upload your data all at once.
Click here to learn more about our bulk filing feature.
Helpful Resources for Filing Form 1099-NEC
Ready to E-File Form 1099-NEC for 2023 Tax Year?
E-File your 1099-NEC in minutes and postal mail recipient copies.
Pricing starts as low as $0.80/form