1099 Nec Form Details

In order to understand 1099 Nec, you must first know what a 1099 is. A 1099 is a document that is issued by businesses to report certain types of payments made to independent contractors and other non-employees. The 1099 Nec refers to the form that is used to report payments for services rendered by a Notary Public. Payments reported on the 1099 Nec are subject to self-employment tax. Therefore, it is important that Notaries understand their tax reporting obligations in order to avoid any penalties from the IRS.

You may find information regarding the type of form you intend to complete in the table. It can tell you how much time it takes to complete 1099 nec, what fields you need to fill in and several other specific details.

QuestionAnswer
Form Name1099 Nec
Form Length8 pages
Fillable?Yes
Fillable fields34
Avg. time to fill out8 min 52 sec
Other names1099 tax form, irs 1099, form 1099, 1099 nec form form

Form Preview Example

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.

 

 

 

 

 

 

 

 

 

 

 

2020

Nonemployee

 

 

 

 

 

 

 

 

 

 

Compensation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Form 1099-NEC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1 Nonemployee compensation

 

Copy A

 

 

 

 

 

 

$

 

 

 

 

For

PAYER’S TIN

 

 

RECIPIENT’S TIN

2

 

 

 

 

Internal Revenue

 

 

 

 

 

 

 

Service Center

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

File with Form 1096.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RECIPIENT’S name

 

 

 

 

 

3

 

 

 

 

For Privacy Act

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

and Paperwork

 

 

 

 

 

 

 

 

 

 

 

Reduction Act

Street address (including apt. no.)

 

 

 

4 Federal income tax withheld

 

 

 

 

 

Notice, see the

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

 

2020 General

 

 

 

 

 

 

 

 

 

 

Instructions for

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

 

 

 

 

 

Certain

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Information

 

 

 

 

 

 

 

 

 

 

 

Returns.

 

 

 

 

FATCA filing

 

 

 

 

 

 

 

 

 

 

requirement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Account number (see instructions)

 

 

2nd TIN not.

5 State tax withheld

 

6 State/Payer’s state no.

7 State income

 

 

 

 

 

 

$

 

 

 

 

$

 

 

 

 

 

 

$

 

 

 

 

$

Form 1099-NEC

 

 

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.

 

 

 

 

 

 

 

 

2020

Nonemployee

 

 

 

 

 

 

 

Compensation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Form 1099-NEC

 

 

 

 

 

 

 

 

 

 

 

 

1

Nonemployee compensation

Copy 1

 

 

 

$

 

 

 

 

For State Tax

PAYER’S TIN

RECIPIENT’S TIN

2

 

 

 

 

Department

 

 

 

 

 

 

 

 

 

RECIPIENT’S name

 

 

3

 

 

 

 

 

 

 

 

 

 

 

 

Street address (including apt. no.)

 

 

4

Federal income tax withheld

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FATCA filing

 

 

 

 

 

 

 

 

requirement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Account number (see instructions)

 

 

5

State tax withheld

 

6 State/Payer’s state no.

7 State income

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

 

$

 

 

 

$

 

 

 

 

$

Form 1099-NEC

 

 

 

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.

 

 

 

 

 

 

2020

Nonemployee

 

 

 

 

 

Compensation

 

 

 

 

 

 

 

 

 

 

 

Form 1099-NEC

 

 

 

 

 

 

 

 

 

 

1

Nonemployee compensation

 

Copy B

 

 

 

 

 

 

 

 

$

 

 

 

For Recipient

PAYER’S TIN

RECIPIENT’S TIN

2

 

 

 

 

 

 

 

 

 

 

 

 

RECIPIENT’S name

 

 

3

 

 

 

This is important tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

information and is

 

 

 

 

 

 

 

being furnished to

Street address (including apt. no.)

 

 

4 Federal income tax withheld

the IRS. If you are

 

 

required to file a

 

 

 

 

 

 

 

return, a negligence

 

 

 

$

 

 

 

penalty or other

 

 

 

 

 

 

sanction may be

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

 

 

 

 

imposed on you if

 

 

 

 

this income is taxable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

and the IRS

 

 

 

 

 

 

 

determines that it has

 

 

 

 

 

 

 

not been reported.

 

 

FATCA filing

 

 

 

 

 

 

 

 

 

 

 

 

 

requirement

 

 

 

 

 

 

 

 

 

 

 

 

 

Account number (see instructions)

 

 

5 State tax withheld

 

6 State/Payer’s state no.

7 State income

 

 

 

$

 

 

 

$

 

 

 

$

 

 

 

$

Form 1099-NEC

(keep for your records)

www.irs.gov/Form1099NEC

Department of the Treasury - Internal Revenue Service

Instructions for Recipient

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.

FATCA filing requirement. If the FATCA filing requirement box is checked, the payer is reporting on this Form 1099 to satisfy its chapter 4 account reporting requirement. You may also have a filing requirement. See the Instructions for Form 8938.

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

Box 1. Shows nonemployee compensation and/or nonqualified deferred compensation (NQDC). If you are in the trade or business of catching fish, box 1 may show cash you received for the sale of fish. If the amount in this box is self-employment (SE) income, report it on Schedule C or F (Form 1040 or 1040-SR), and complete Schedule SE (Form 1040 or 1040-SR). 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 this amount 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. If you are not an employee but the amount in this box is not SE income (for example, it is income from a sporadic activity or a hobby), report this amount on the “Other income” line (on Schedule 1 (Form 1040 or 1040-SR); or on Form 1040-NR).

The amounts being reported as NQDC are includible in gross income for failure to meet the requirements under section 409A. This amount is also reported on Form 1099-MISC for additional tax calculation. See the Instructions for Forms 1040 and 1040-SR, or the Instructions for Form 1040-NR.

Box 2. Reserved.

Box 3. Reserved.

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.

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.

 

 

 

 

 

 

 

 

2020

Nonemployee

 

 

 

 

 

 

 

Compensation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Form 1099-NEC

 

 

 

 

 

 

 

 

 

 

 

 

1

Nonemployee compensation

Copy 2

 

 

 

$

 

 

 

 

To be filed with

PAYER’S TIN

RECIPIENT’S TIN

2

 

 

 

 

 

 

 

 

recipient’s state

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

income tax return,

 

 

 

 

 

 

 

 

when required.

 

 

 

 

 

 

 

 

 

RECIPIENT’S name

 

 

3

 

 

 

 

 

 

 

 

 

 

 

 

 

Street address (including apt. no.)

 

 

4

Federal income tax withheld

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FATCA filing

 

 

 

 

 

 

 

 

requirement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Account number (see instructions)

 

 

5

State tax withheld

 

6 State/Payer’s state no.

7 State income

 

 

 

$

 

 

 

 

$

 

 

 

$

 

 

 

 

$

Form 1099-NEC

 

 

 

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.

 

 

 

 

 

 

 

2020

Nonemployee

 

 

 

 

 

 

Compensation

 

 

 

 

 

 

 

 

 

 

 

 

 

Form 1099-NEC

 

 

 

 

 

 

 

 

 

 

 

1 Nonemployee compensation

Copy C

 

 

 

$

 

 

 

For Payer

PAYER’S TIN

RECIPIENT’S TIN

2

 

 

 

 

 

 

 

 

 

 

 

 

RECIPIENT’S name

 

 

3

 

 

 

For Privacy Act

 

 

 

 

 

 

 

 

 

 

 

 

 

 

and Paperwork

 

 

 

 

 

 

 

Reduction Act

Street address (including apt. no.)

 

 

4 Federal income tax withheld

 

 

 

 

Notice, see the

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

2020 General

 

 

 

 

 

 

Instructions for

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

 

 

 

 

Certain

 

 

 

 

 

 

 

Information

 

 

 

 

 

 

 

Returns.

 

 

FATCA filing

 

 

 

 

 

 

 

requirement

 

 

 

 

 

 

 

 

 

 

 

 

Account number (see instructions)

 

2nd TIN not.

5 State tax withheld

 

6 State/Payer’s state no.

7 State income

 

 

 

 

 

 

 

 

 

 

$

 

 

 

$

 

 

 

$

 

 

 

$

Form 1099-NEC

 

 

www.irs.gov/Form1099NEC

Department of the Treasury - Internal Revenue Service

Instructions for Payer

To complete Form 1099-NEC, use:

The 2020 General Instructions for Certain Information Returns, and

The 2020 Instructions for Forms 1099-MISC and 1099-NEC.

To order these instructions and additional forms, go

to WWW.IRS.GOV/FORM1099NEC.

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

Due dates. Furnish Copy B of this form to the recipient by February 1, 2021. File Copy A of this form with the IRS by February 1, 2021.

To file electronically, you must have software that generates a file according to the specifications in Pub. 1220. The IRS does not provide a fill-in form option for Copy A.

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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