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E-File Form 1099 NEC Online
File 1099-NEC to report non-employee compensation paid to independent contractors or freelancers during the tax year
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Deadline to File Form 1099-NEC for 2024 Tax Year
Form 1099-NEC must be filed with the IRS by January 31 of the following year, either on paper or electronically. Copies must also be distributed to the recipients by this date. If January 31 falls on a weekend or holiday, you should file on the next business day.
Here’s an overview of Form 1099-NEC deadlines for the 2024 tax year:
| Electronic Filing | Recipient Copy | Paper Filing |
|---|---|---|
| January 31, 2025 | January 31, 2025 | January 31, 2025 |
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
- 5. State Filing Details: State Income, Payer State Number, and State Tax Withheld
Follow our instructions to learn how to fill out Form 1099-NEC. Start e-filing with TaxBandits today—we simplify the process and keep you updated with
IRS status notifications.
How to E-file Form 1099-NEC Online for 2024 with TaxBandits
Ready to E-file Form 1099-NEC with the IRS and States?
How to E-file 1099-NEC
Benefits of Filing 1099-NEC Online with TaxBandits
Instant Filing Updates
Stay informed throughout the process with real-time updates sent to your email and available from your dashboard for easy tracking
State Filing Solution
Meet your state filing requirements and maintain compliance. TaxBandits simplifies the process of filing 1099-NEC with the required state agencies.
Recipient Copy Distribution
Opt-in to TaxBandits Postal Mailing or Online Access services for seamless recipient copy distribution, or download and distribute copies yourself.
Address Book
Import payers and recipients into your Address Book manually or in bulk, then easily create their Forms 1099, W-2, ACA 1095, BOI Reports, and more for them.
Bulk Filing
TaxBandits enables you to file returns in bulk. Import your data via CSV file, Google Sheets, or our standard template.
Internal Audit Check
TaxBandits performs an Internal Audit Check to check your forms using the IRS Business Rules. You will be prompted to correct any errors that are identified.
TIN Validations
Incorrect TINs can lead to form rejections and IRS B-Notices that require you to implement backup withholding for Payers.
IRIS Business Validations
Ensure the accuracy of your tax returns with our IRIS Validation feature, which detects and corrects errors and inconsistencies before submission.
BanditComplete
Simplify the distribution of recipient copies. TaxBandits provides your recipient with both physical and electronic copies of the forms to ensure recipients receive their documents reliably
and on time.
Save Form Drafts
Complete and file your 1099-NEC returns at your convenience. TaxBandits allows you to save your work as a draft and easily pick up where you left off.
Recordkeeping for 7 Years
All form copies are securely stored on our HIPAA-compliant server for up to seven years. You can log in to your TaxBandits account at any time to download or print them
Dedicated Support
Have any questions? Our dedicated team of experts is always here to assist you in every way possible via phone, email, or live chat.
1099-NEC Integration Partners
Our exclusive partnership with Sage Intacct powers seamless 1099 e-filing
How to File 1099-NEC for multiple businesses and recipients with TaxBandits
- 1. Select Form 1099-NEC
- 2. Choose the Bulk Import Method
- 3. Map/Preview the uploaded Information
- 4. Select State Filing (If Required)
- 5. Choose the preferred distribution method
- 6. Review and Transmit to the IRS/State
Exclusive Pro Features Designed for Tax Professionals
Streamline tax filing and enhance your workflow with powerful features tailored for tax professionals.
Team Management
Add unlimited team members to streamline your workflow. Assign your staff roles—Preparer, Approver, and Transmitter—based on their filing responsibilities
Client Management
Communicate and securely share files with your clients using BanditConnect. Customize the secure portal to reflect
your branding.
Custom Reports
Gain insights into staff activities and client filings with detailed reports. Enhance decision-making with in-depth analytics.
Powerful API to Automate Your 1099-NEC E-filing Process
Our robust API helps you automate your 1099-NEC filing and distribution process right from your existing systems. You can seamlessly integrate our 1099 API with your software or portal, facilitating automation while minimizing manual tasks and ensuring accuracy.
Learn moreSuccess Starts with TaxBandits!
Very easy and a reasonable cost for very small business to get these necessary forms
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The filing options for 1099 NEC is a great feature and allowing workers the option of accessing their forms online was also very helpful. I highly recommend the service.
It was my first time having to file a 1099 NEC form and Taxbandits made a quick and easy process!
Very easy and intuitive to use, took only minutes to file my 1099 NEC forms
Super easy to use, accurate, verifies completion of all necessary fields, will be used
Frequently Asked Questions to File 1099-NEC Online
What is a 1099-NEC form used for?
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.
- Fees
- Commissions
- Prizes
- Awards
- Other forms of compensation for service
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?
The deadline to file Form 1099-NEC is on the January 31, 2025, for the tax year 2024 irrespective of filing methods (paper or electronic filing). Similarly, the deadline to send the Recipient is also due by January 31st.
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?
Yes, there are some cases in which you are exempt from filing Form 1099-NEC. Below are the circumstances under which you are not required to file Form 1099-NEC.
- 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.
If you don’t file a Form 1099-NEC electronically with the IRS on time, you may be subject to
Form 1099 NEC penalties.
Why is it important to collect W-9 Forms before filing 1099 Forms?
W-9 Form collects critical information that you will need to file a 1099 Form at the end of the year to record payments made to suppliers and independent contractors. When filling out Form W-9, the vendor must include their Taxpayer Identification Number (TIN) or Social Security Number (SSN), legal name, and address.
Another advantage of completing Form W-9 online is that it helps avoid Backup Withholding. This is the procedure of withholding a percentage of payments (usually 24%) paid to suppliers that have not submitted an appropriate TIN. The IRS requires businesses to withhold and submit these amounts until the vendor provides an accurate TIN.
What are the differences between Form 1099-NEC and Form 1099-K?
One of the major differences between 1099-NEC and 1099-K is that Form 1099-NEC is filed by the payers themselves (businesses or individuals) to report the non-compensation made to the vendors and contractors, whereas Form 1099-K is filed by payment processors to report any payment made through payment card, payment apps, and online marketplaces.
Click here to learn more about the differences between 1099-NEC and 1099-K.
Helpful Resources for Filing Form 1099 NEC Electronically
