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1099-NEC - Overview
The Form 1099-NEC is used to report nonemployee compensation of $600 or more.
Note that some accounts may be considered exempt based on their US tax classification. (e.g. Corporation).
Deadlines
See below for the deadlines relevant to the Form 1099-NEC:
- January 31st is the last day to deliver forms to recipients
- January 31st is the last day to submit filings
If a deadline falls on a weekend or holiday, it will be extended to the next business day. A 30-day extension is generally available for both of the deadlines above.
Resources
Please see the Form 1099-NEC – IRS Form & Instructions for official IRS information.
Please refer to the 1099-NEC - Data Requirements guide for detailed data requirements.
Below are the applicable CSV Ingestion Templates:
- Account Owner/Account CSV Template
- Transactions CSV Template
- 1099-NEC Form Data CSV Template – Only required if not sending transactions
A sample form is also attached to the bottom of this article for your reference.