Meets all government and IRS filing requirements. 1099-NEC use to report nonemployee compensation. Nonemployee compensation includes the following payment types to independent contractors: Fees, Commissions, Prizes, Awards, And Other forms of compensation for services of your Business:

Quality Paper: Government approved 20# bond paper.

Paper Filing Due Date: To IRS, February 28th // To Recipient January 31st. Printer Compatibility.

Printer Compatibility: Compatible with laser or inkjet printers.

Tax forms per sheet: Two filings per sheet.

Amounts to Report: Generally $600 or more (All Amounts or $10 or more in some cases)

It's IMPORTANT to know that the IRS has released 2020 This new NEC form for reporting money your business pays to contractors. is short for Non-Employee Compensation,1099 miscellaneous form will still be required for reporting other income such as rent, royalties, healthcare payments, etc.] .