Benefits of Filing Form 1099-NEC Online With ExpressEfile
Below are the best benefits you’ll get when you file Form 1099-NEC through ExpressEfile
Instant Filing Status
You will receive instant notifications via email as soon as the IRS processes your return.
Your returns will be validated based on IRS business rules in order to reduce the chances of rejection.
Opt for the postal mailing option to send return copies to your recipients on your behalf.
Though it’s not required to file Form 1096 if you e-file 1099-NEC, you can download it for your reference.
Steps to E-File Form 1099-NEC Online
Follow the steps below to file Form 1099-NEC online.
Enter the form information
Review the information
Transmit the Return to IRS
Simply transmit the return to the IRS
Start filing Form 1099-NEC. It’ll take only a few minutes.
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/TIN, and Address
- Nonemployee compensation
- Federal income tax withheld
- State Filing Details:
State Income, Payer State Number, and State Tax Withheld
Collect these details and start filing Form 1099-NEC online.
It’ll take only a few minutes
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 or nonemployees 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 form.
Here are the things to be reported in Form 1099-NEC.
- Other forms of compensation for service
When is the deadline to file Form 1099-NEC?
The due date to send recipient copies is February 01, 2021. Also, the deadline to file the return (both paper and electronic filing) with the IRS is February 01, 2021.
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
When should you file Form 1099-NEC?
You must file Form 1099-NEC if:
- You have paid someone who is not your employee at least $600 in the calendar year.
- You paid an individual, partnership, estate, or corporation, including government agencies and nonprofit organizations, for their services.