Simplify Your Form 1099-NEC Online Filing with ExpressEfile!
Instant Filing Status
Get instant email notifications when the IRS processes your return. You may also check the status from your account Dashboard.
Our software runs an internal audit so you can catch and correct mistakes that could lead to penalties and IRS rejection.
Mail Recipient Copies
When you select the postal mailing option, our team sends copies to all your recipients on your behalf.
Save your business money with the industry’s most affordable Form 1099-NEC filing option.
Why should you choose ExpressEfile to Create Form 1099-NEC
Get best benefits through the top-notch features when you choose ExpressEfile to create Form 1099-NEC.
What is Form 1099-NEC?
Businesses use Form 1099-NEC to report payments of $600 or more as compensation to independent contractors or nonemployees. Previously, nonemployee compensation was reported using Box 7 of Form 1099-MISC, but the IRS has recently removed that option.
Here are some payments that should be reported on Form 1099-NEC.
- Prizes and awards
- Other forms of compensation for service
When is Form 1099-NEC due?
Payers need to file Form 1099-NEC and send copies to their recipients by February 1, 2021. This 1099-NEC deadline applies to both paper and electronic filing.
How to complete Form 1099-NEC using ExpressEfile
Complete and transmit your Form 1099-NEC in just a few steps.
Step 1: Fill out Form 1099-NEC Information
Select Form 1099-NEC and enter all the required information. Our software will walk you through your return with helpful prompts.
Step 2: Review Form 1099-NEC
ExpressEfile runs an internal audit, checking all your information for mistakes and discrepancies. You’ll be able to confirm your information and correct errors easily.
Step 3: Transmit Form 1099-NEC to the IRS
After reviewing the forms, transmit them directly to the IRS. You will receive an email once the IRS processes
What is the penalty for not filing Form 1099-NEC?
Form 1099-NEC penalties increase over time. The amount you owe the IRS depends on how long it takes you to file correctly for your business.
If you file Form 1099-NEC
- Within 30 days after the deadline: $50 per information return
- More than 30 days after the deadline, but before August 1: $110 per information return
- After August 1 : $270 per information return
Frequently Asked Questions on Form 1099-NEC
What information do I need to file Form 1099-NEC?
When you file Form 1099-NEC, you’ll need the following information to complete
- 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
Is anyone exempt from filing Form 1099-NEC?
Yes, here are some scenarios where you are not required to file Form 1099-NEC:
- If you paid a C or S corporation
- If your payment was for merchandise, telegrams, telephone, freight, storage, or similar items
- If you made a payment to a tax-exempt organization