1099 Nec PDF Form

The 1099-NEC form is a tax document used to report nonemployee compensation, typically issued to independent contractors and freelancers. This form is essential for reporting income that is not subject to withholding taxes, allowing recipients to accurately report their earnings to the IRS. For guidance on filling out the form, click the button below.

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Overview

Common mistakes

Using the wrong form: Some people mistakenly use a different version of the 1099 form instead of the 1099-NEC. It's crucial to use the correct form for reporting nonemployee compensation.
Incorrect taxpayer identification numbers (TINs): Entering the wrong TIN for either the payer or the recipient can lead to delays and penalties. Always double-check these numbers for accuracy.
Missing or incorrect amounts: Failing to report the correct amounts in the nonemployee compensation box can cause issues with the IRS. Make sure to verify the figures before submitting.
Not filing on time: People often overlook the deadline for filing the 1099-NEC. Late submissions can result in penalties, so it’s important to stay on schedule.
Not providing copies to recipients: It’s essential to give the appropriate copies of the 1099-NEC to the recipients. Failing to do so can create confusion and potential tax problems for them.
Using downloaded forms: Some individuals mistakenly print the 1099-NEC from the IRS website. This can lead to penalties because only the official printed version is scannable. Always order the official forms.

Similar forms

Form 1099-MISC: This form reports miscellaneous income. Like the 1099-NEC, it is used to report payments made to non-employees, but it covers a broader range of income types.
Form W-2: This form reports wages paid to employees. While the 1099-NEC is for non-employees, the W-2 is used for employees and includes withheld taxes.
Form 1099-INT: This form reports interest income. Similar to the 1099-NEC, it is used to report income to the IRS, but it specifically addresses interest earned.
Form 1099-DIV: This form reports dividends and distributions. Like the 1099-NEC, it informs the IRS about income received, but it pertains to dividends rather than compensation.
Form 1099-R: This form reports distributions from retirement accounts. It is similar in that it reports non-wage income but focuses on retirement distributions.
Form 1099-S: This form reports proceeds from real estate transactions. It shares the purpose of reporting income but is specific to real estate sales.
Form 1099-C: This form reports canceled debt. Similar to the 1099-NEC, it informs the IRS about income, but it specifically addresses debts that have been forgiven.
Form 1099-G: This form reports certain government payments, such as unemployment compensation. It serves a similar purpose of reporting income but is specific to government sources.
North Carolina Residential Lease Agreement: Similar to the 1099-NEC in its importance for documentation, the NC PDF Forms offer templates that ensure clarity and compliance in rental arrangements.
Form 1099-B: This form reports proceeds from broker and barter exchange transactions. Like the 1099-NEC, it reports income to the IRS, but it focuses on investment transactions.

Dos and Don'ts

When filling out the 1099-NEC form, keep these tips in mind:

Use the official IRS form for filing; avoid printing a downloaded Copy A.
Ensure that the recipient’s name and taxpayer identification number (TIN) are accurate.
Report all nonemployee compensation accurately in Box 1.
Include any state tax withheld in the appropriate boxes.

Conversely, avoid these common mistakes:

Do not file a non-scannable version of Copy A with the IRS.
Avoid using the form for employees; it is intended for nonemployees only.
Do not forget to check the box if consumer products totaling $5,000 or more were sold for resale.
Never leave any required fields blank; incomplete forms can lead to penalties.

Preview - 1099 Nec Form

Attention:

Copy A of this form is provided for informational purposes only. Copy A appears in red, similar to the official IRS form. The official printed version of Copy A of this IRS form is scannable, but the online version of it, printed from this website, is not. Do not print and file copy A downloaded from this website; a penalty may be imposed for filing with the IRS information return forms that can’t be scanned. See part O in the current General Instructions for Certain Information Returns, available at www.irs.gov/form1099, for more information about penalties.

Please note that Copy B and other copies of this form, which appear in black, may be downloaded and printed and used to satisfy the requirement to provide the information to the recipient.

To order official IRS information returns, which include a scannable Copy A for filing with the IRS and all other applicable copies of the form, visit www.IRS.gov/orderforms. Click on Employer and Information Returns, and we’ll mail you the forms you request and their instructions, as well as any publications you may order.

Information returns may also be filed electronically using the IRS Filing Information Returns Electronically (FIRE) system (visit www.IRS.gov/FIRE) or the IRS Affordable Care Act Information Returns (AIR) program (visit www.IRS.gov/AIR).

See IRS Publications 1141, 1167, and 1179 for more information about printing these tax forms.

7171

VOID

CORRECTED

PAYER’S name, street address, city or town, state or province, country, ZIP

OMB No. 1545-0116

or foreign postal code, and telephone no.

Form 1099-NEC

Nonemployee

(Rev. January 2022)

Compensation

For calendar year

PAYER’S TIN

RECIPIENT’S TIN

Nonemployee compensation

Copy A

For Internal Revenue

RECIPIENT’S name

Payer made direct sales totaling $5,000 or more of

Service Center

consumer products to recipient for resale

File with Form 1096.

For Privacy Act and

Paperwork Reduction Act

Street address (including apt. no.)

Notice, see the current

Federal income tax withheld

General Instructions for

Certain Information

City or town, state or province, country, and ZIP or foreign postal code

Returns.

State tax withheld

6 State/Payer’s state no.

7 State income

Account number (see instructions)

2nd TIN not.

Form 1099-NEC (Rev. 1-2022)

Cat. No. 72590N

www.irs.gov/Form1099NEC

Department of the Treasury - Internal Revenue Service

Do Not Cut or Separate Forms on This Page — Do Not Cut or Separate Forms on This Page

	VOID	CORRECTED
PAYER’S name, street address, city or town, state or province, country, ZIP						OMB No. 1545-0116
or foreign postal code, and telephone no.						Form 1099-NEC
						Form 1099-NEC	Nonemployee
							Nonemployee
						(Rev. January 2022)	Compensation
						For calendar year
						20
PAYER’S TIN	RECIPIENT’S TIN		1	Nonemployee compensation			Copy 1
			$				Copy 1
			$				For State Tax
RECIPIENT’S name			2	Payer made direct sales totaling $5,000 or more of			For State Tax
				consumer products to recipient for resale			Department

			3
Street address (including apt. no.)
Street address (including apt. no.)
			4	Federal income tax withheld
City or town, state or province, country, and ZIP or foreign postal code			$
			5	State tax withheld	6 State/Payer’s state no.		7 State income
			$				$
Account number (see instructions)			$				$
			$				$
Form 1099-NEC (Rev. 1-2022)		www.irs.gov/Form1099NEC				Department of the Treasury - Internal Revenue Service

CORRECTED (if checked)

PAYER’S name, street address, city or town, state or province, country, ZIP				OMB No. 1545-0116
or foreign postal code, and telephone no.				Form 1099-NEC
				Form 1099-NEC	Nonemployee
					Nonemployee
				(Rev. January 2022)	Compensation
				For calendar year
				20

PAYER’S TIN	RECIPIENT’S TIN	1 Nonemployee compensation			Copy B
		$			For Recipient
RECIPIENT’S name		2 Payer made direct sales totaling $5,000 or more of			This is important tax
RECIPIENT’S name		2 Payer made direct sales totaling $5,000 or more of			information and is being
		consumer products to recipient for resale			information and is being
		consumer products to recipient for resale			furnished to the IRS. If you are
					furnished to the IRS. If you are
		3			required to file a return, a
		3			negligence penalty or other
Street address (including apt. no.)

					sanction may be imposed on
		4 Federal income tax withheld			you if this income is taxable
		4 Federal income tax withheld			and the IRS determines that it
City or town, state or province, country, and ZIP or foreign postal code		$			and the IRS determines that it
		$			has not been reported.
		5 State tax withheld	6 State/Payer’s state no.		7 State income
		$			$
Account number (see instructions)		$			$
		$			$
Form 1099-NEC (Rev. 1-2022)	(keep for your records)	www.irs.gov/Form1099NEC		Department of the Treasury - Internal Revenue Service

Instructions for Recipient

You received this form instead of Form W-2 because the payer did not consider you an employee and did not withhold income tax or social security and Medicare tax.

If you believe you are an employee and cannot get the payer to correct this form, report the amount shown in box 1 on the line for “Wages, salaries, tips, etc.” of Form 1040, 1040-SR, or 1040-NR. You must also complete Form 8919 and attach it to your return. For more information, see Pub. 1779, Independent Contractor or Employee.

If you are not an employee but the amount in box 1 is not self- employment (SE) income (for example, it is income from a sporadic activity or a hobby), report the amount shown in box 1 on the “Other income” line (on Schedule 1 (Form 1040)).

Recipient’s taxpayer identification number (TIN). For your protection, this form may show only the last four digits of your TIN (social security number (SSN), individual taxpayer identification number (ITIN), adoption taxpayer identification number (ATIN), or employer identification number (EIN)). However, the issuer has reported your complete TIN to the IRS.

Account number. May show an account or other unique number the payer assigned to distinguish your account.

Box 1. Shows nonemployee compensation. If the amount in this box is SE income, report it on Schedule C or F (Form 1040) if a sole proprietor, or on Form 1065 and Schedule K-1 (Form 1065) if a partnership, and the recipient/partner completes Schedule SE (Form 1040).

Note: If you are receiving payments on which no income, social security, and Medicare taxes are withheld, you should make estimated tax payments. See Form 1040-ES (or Form 1040-ES (NR)). Individuals must report these amounts as explained in these box 1 instructions. Corporations, fiduciaries, and partnerships must report these amounts on the appropriate line of their tax returns.

Box 2. If checked, consumer products totaling $5,000 or more were sold to you for resale, on a buy-sell, a deposit-commission, or other basis. Generally, report any income from your sale of these products on Schedule C (Form 1040).

Box 3. Reserved for future use.

Box 4. Shows backup withholding. A payer must backup withhold on certain payments if you did not give your TIN to the payer. See Form W-9, Request for Taxpayer Identification Number and Certification, for information on backup withholding. Include this amount on your income tax return as tax withheld.

Boxes 5–7. State income tax withheld reporting boxes.

Future developments. For the latest information about developments related to Form 1099-NEC and its instructions, such as legislation enacted after they were published, go to www.irs.gov/Form1099NEC.

Free File Program. Go to www.irs.gov/FreeFile to see if you qualify for no-cost online federal tax preparation, e-filing, and direct deposit or payment options.

	VOID	CORRECTED
PAYER’S name, street address, city or town, state or province, country, ZIP						OMB No. 1545-0116
or foreign postal code, and telephone no.						Form 1099-NEC
						Form 1099-NEC	Nonemployee
							Nonemployee
						(Rev. January 2022)	Compensation
						For calendar year
						20
PAYER’S TIN	RECIPIENT’S TIN		1	Nonemployee compensation			Copy 2
			$				Copy 2
			$				To be filed with
RECIPIENT’S name			2	Payer made direct sales totaling $5,000 or more of			To be filed with
				consumer products to recipient for resale			recipient’s state
							income tax
			3				income tax
			3				return, when
Street address (including apt. no.)							return, when
Street address (including apt. no.)							required.
			4	Federal income tax withheld
City or town, state or province, country, and ZIP or foreign postal code			$
			5	State tax withheld	6 State/Payer’s state no.		7 State income
			$				$
Account number (see instructions)			$				$
			$				$
Form 1099-NEC (Rev. 1-2022)		www.irs.gov/Form1099NEC				Department of the Treasury - Internal Revenue Service

	VOID		CORRECTED
PAYER’S name, street address, city or town, state or province, country, ZIP						OMB No. 1545-0116
or foreign postal code, and telephone no.						Form 1099-NEC
						Form 1099-NEC	Nonemployee
							Nonemployee
						(Rev. January 2022)	Compensation
						For calendar year
						20
PAYER’S TIN	RECIPIENT’S TIN			1 Nonemployee compensation			Copy C
				$			Copy C
				$			For Payer
RECIPIENT’S name				2 Payer made direct sales totaling $5,000 or more of			For Payer
RECIPIENT’S name				2 Payer made direct sales totaling $5,000 or more of
				consumer products to recipient for resale			For Privacy Act and
							For Privacy Act and
				3			Paperwork Reduction
				3			Act Notice, see the
							Act Notice, see the
Street address (including apt. no.)							current General
							Instructions for Certain
				4 Federal income tax withheld			Instructions for Certain
				4 Federal income tax withheld			Information Returns.
City or town, state or province, country, and ZIP or foreign postal code				$
				5 State tax withheld	6 State/Payer’s state no.		7 State income
				$			$
Account number (see instructions)			2nd TIN not.	$			$
				$			$
Form 1099-NEC (Rev. 1-2022)		www.irs.gov/Form1099NEC				Department of the Treasury - Internal Revenue Service

Instructions for Payer

To complete Form 1099-NEC, use:

•The current General Instructions for Certain Information Returns, and

•The current Instructions for Forms 1099-MISC and 1099-NEC.

To order these instructions and additional forms, go to www.irs.gov/EmployerForms.

Caution: Because paper forms are scanned during processing, you cannot file certain Forms 1096, 1097, 1098, 1099, 3921, or 5498 that you print from the IRS website.

Filing and furnishing. For filing and furnishing instructions, including due dates, and to request filing or furnishing extensions, see the current General Instructions for Certain Information Returns.

Need help? If you have questions about reporting on Form 1099-NEC, call the information reporting customer service site toll free at 866-455-7438 or 304-263-8700 (not toll free). Persons with a hearing or speech disability with access to TTY/TDD equipment can call 304-579-4827 (not toll free).

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Misconceptions

Understanding the 1099-NEC form is crucial for both payers and recipients. However, several misconceptions can lead to confusion. Here are four common misconceptions:

Misconception 1: The 1099-NEC form is the same as the W-2 form.

The 1099-NEC form is used for reporting nonemployee compensation, while the W-2 form is for employees. If you receive a 1099-NEC, it indicates that you are considered an independent contractor, not an employee.

Misconception 2: You can print and file a downloaded Copy A of the 1099-NEC.

Copy A is provided for informational purposes only and must be the official IRS version, which is scannable. Filing a downloaded version can result in penalties.

Misconception 3: All copies of the 1099-NEC are identical.

While Copy A is for the IRS, other copies, like Copy B, are meant for recipients. Recipients can print and use these copies, but only the official version of Copy A should be filed with the IRS.

Misconception 4: You don’t need to report income if you receive a 1099-NEC.

Receiving a 1099-NEC indicates that you have earned income that needs to be reported on your tax return. If you fail to report this income, you may face penalties from the IRS.

How to Use 1099 Nec

Filling out the 1099-NEC form is a straightforward process that requires accurate information about payments made to non-employees. This form must be completed carefully to ensure compliance with IRS requirements. Following these steps will help you fill out the form correctly.

Obtain the correct form: Download the 1099-NEC form from the IRS website or order official copies to ensure you have a scannable version.
Fill in the payer's information: Enter your name, street address, city, state, ZIP code, and telephone number in the designated fields.
Provide the payer's TIN: Input your Taxpayer Identification Number (TIN) in the appropriate box.
Enter recipient's information: Fill in the recipient's name, address, and TIN accurately.
Report nonemployee compensation: In Box 1, enter the total amount of nonemployee compensation paid to the recipient during the calendar year.
Complete additional boxes if necessary: If applicable, indicate if the payer made direct sales totaling $5,000 or more for resale in Box 2. Fill in Boxes 4 through 7 if there was any federal or state tax withheld.
Check for corrections: If you are correcting a previously filed form, check the “CORRECTED” box.
Review the form: Double-check all entries for accuracy before submission.
File the form: Submit Copy A to the IRS and provide Copy B to the recipient. Ensure you file with Form 1096 if filing by paper.

After completing the form, keep a copy for your records. Ensure all information is accurate to avoid potential penalties. Timely filing is crucial to remain compliant with IRS regulations.

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