E-File 2021
Form 1099 NEC Online

How to E-file Form 1099-NEC Online for 2021
with TaxBandits?

Ready to file Form 1099-NEC Electronically with the IRS and the State using TaxBandits?

What Information is Required to E-file Form 1099 NEC Online?

  • 1. Payer Details: Name, TIN, and Address
  • 2. Recipient Details: Name, TIN, and Address
  • 3. Nonemployee compensation
  • 4. Federal income tax withheld
    • a. Federal Details: Miscellaneous Incomes and Federal Tax Withheld
  • 5. State Filing Details: State Income, Payer State Number, and State Tax Withheld

Follow our 1099-NEC instructions, to know how to fill out your Form 1099-NEC. Start e-filing your Form 1099-NEC with TaxBandits Today and Get Instant Approval from the IRS.

A simple cloud based 1099-NEC E-file software with amazing features!

Data Integration

Data Integration

You can either Enter data manually, Import it using Excel/CSV templates, Integrate data from Xero or QuickBooks, Fire File upload or even through our API integration.

Complete Filing Solution

Complete Filing Solution

TaxBandits helps you to file your 1099-NEC Form electronically with both the IRS, and the required State agencies that mandates the 1099-NEC filing.

Deliver Recipient Copies

Deliver Recipient Copies

TaxBandits takes the stress out of delivering your recipient copies and delivers the copies via postal mail and a secure online access to your recipients on your behalf.

Supporting Services

Supporting Services

TaxBandits allows you to request Form W-9, perform TIN matching to make sure that you are transmitting the error free returns to the IRS and even support correction Forms.

Success Starts with TaxBandits

The Smart Choice of every 1099 Filers

Frequently Asked Questions

What is IRS Form 1099-NEC?

Form 1099-NEC is used to report payments ($600 or more) made to non employees. Previously, this was reported on box no 7 of Form 1099-MISC. Now, the IRS has separated the reporting for non employee compensation by reintroducing Form 1099-NEC from the 2020 tax year.

Note: The IRS has made some changes to Form 1099-NEC for the 2021 tax year.

Who Is Required To File Form 1099-NEC?

The IRS requires the payers (Businesses or Individuals) to file Form 1099-NEC under the following conditions:

  • Made payments of at least $600 or more to the payee during the year.
  • Made payments to individuals who are not on your payroll.
  • Paid an individual, estate, partnership, or corporation.
  • Made payments for services related to your trade or business.

Want to know how to complete Form 1099-NEC? Check out this article to know how to fill out Form 1099-NEC.

When is the deadline to file Form 1099-NEC?

For the tax year 2021, the deadline for filing Form 1099-NEC is January 31, 2022. On or before the deadline, you must send Copy A to the IRS and Copy B to the independent contractor, a recipient. Then, keep a Copy C for your business records, and Copy 1 should be sent to the state
department if needed.

TaxBandits allows you to e-file Form 1099-NEC easily and securely. Get started with TaxBandits and file your returns with the IRS.

Are there any exemptions to filing Form 1099 NEC?

There are some cases in which you are exempt from filing Form 1099-NEC. You don't have to file Form 1099-NEC under the following circumstances.

  • You made payments to C or S corporation.
  • You paid for the merchandise, telegrams, telephone, freight, storage, and similar items.
  • You paid tax-exempt organizations.

Are there any IRS penalties for 1099-NEC?

The IRS will impose penalties for not filing the Form 1099-NEC on-time. The penalties will be imposed even if the payer failed to distribute the copies to the recipients by the deadline and for providing statements that are incomplete or inaccurate. The penalty ranges from $50/return to $270/return.

Learn more about Form 1099 NEC penalties.

More FAQ on Form 1099

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