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Get answers to your 1099 questions

by Intuit•90• Updated about 11 hours ago

IRS Form 1099 tracks payments made to non-employees. The two most common forms are the 1099-NEC, Nonemployee Compensation, and the 1099-MISC, Miscellaneous Information. This guide will help you understand when and how to file these important tax forms.

If you have 10 or more combined 1099s, W-2s, or other federal forms to file, you must file them electronically. To learn more, see IRS and Treasury issue final regulations on e-file for businesses.

A person paying another person. If you'd like to pay your contractors and file your 1099s directly through QuickBooks, consider adding Contractor Payments. If you have both employees and contractors, add QuickBooks Online Payroll.

Do I need to file a 1099-NEC?

US tax law requires you to file a Form 1099-NEC for anyone you paid $600 or more last year. This can be contractors, freelancers, vendors, or any other nonemployee. You’ll also need to file a Form 1099-NEC for any person you’ve withheld any federal income tax from under the backup withholding rules.

If you have previously reported any information on Box 7 of the 1099-MISC, which is the total amount of nonemployee compensation, this information is now reported on the 1099-NEC.

The IRS has rules to decide if a worker is an employee or a contractor. For assistance in classifying your workers, check with the IRS.

Do I need to file a 1099-MISC?

You're required by US tax law to file a 1099-MISC form for anyone that you paid $600 or more in the previous year. Unlike the 1099-NEC, the payments found on a 1099-MISC are geared toward vendors, attorneys, and other individuals who aren't a proper contractor.

If you have more questions about who needs to file, check with the IRS.

When do I need to file my 1099 forms?

The tax filing due dates are different for each of these forms.

Form 1099-NEC due date is January 31.
Form 1099-MISC due date is March 31 if you file electronically,

For more info, see Instructions for Forms 1099-MISC and 1099-NEC

How do I file my 1099 forms?

There are a couple of options for filing the 1099-MISC and 1099-NEC.

File with the IRS Directly

You can e-file 1099s directly with the IRS using the Information Returns Intake System (IRIS). To learn more see E-file Forms 1099 with IRIS.

E-file with QuickBooks

For a small fee, you can e-file your 1099's with your QuickBooks and Intuit products. We'll walk you through creating, and then e-file your 1099 forms for you. We'll automatically exclude payments you don't need to include on your 1099s (like payments you made with credit cards and other electronic payments).

Select your product to learn how to e-file your 1099's with us.

Notes on e-filing with Intuit:

Your data is safe. When Intuit transmits 1099s via E-file, we comply with all IRS requirements in Publication 1220
E-file is only supported for contractors with a U.S. address. You must E-file by specific dates determined by the IRS.
If you’d like further information about 1099-MISC, download the IRS general instructions for 1099 forms.