The 1099-NEC Printable Form is produced to report any Nonemployee Compensation to a Vendor. The information on this form is organized so that it can be printed directly onto a 1099-NEC Form and then sent to both your Vendors and the IRS for tax purposes.
Important Note on Printing
When printing this form, ensure to update the following printer settings:
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Adobe - When printing from Adobe, the 'Page Sizing & Handling' should be set to 'Actual Size'
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Chrome - When printing from Chrome, 'Scale' should be set to 'Default'
Navigation
To navigate to the 1099-NEC Printable Form, click 'My Reports' under 'Reports' in the left pane and then select 'Vendors' in the top header of the reporting window. Once opened, a listing of reports will be shown.
Find the '1099-NEC Printable Form' and select 'Customize' next to the report. This will open up a listing of all Report Parameters that can be set to pinpoint the exact download a User needs.
Report Parameters
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Year - The year the form is ran for. Default: Last year.
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Legal Entity - A listing of all Legal Entities that can be selected
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Vendor - A listing of all 1099 Vendors associated with the chosen Legal Entity
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Common Payer - This will run the Legal Entity as a Common Payer as long as the Legal Entity is also marked as a Common Payer on its Legal Entity record
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Threshold Amount - The minimum payment threshold for Vendors. The default amount is set to $600
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Download Button - Exports the form as a PDF
Click here to learn more about Report Views and their added functionality.
Report Details
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Payer's Name and Address - The Legal Entity's name and address
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Payer's TIN - The Legal Entity's Taxpayer Identification Number
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Recipient's TIN - The Vendor's Taxpayer Identification Number
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Recipient's Name - The Vendor Name
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Recipient's Street Address - The Vendor's street address
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Recipient's City, State, Zip Code - The Vendor's City, State, and Zip Code
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Box 1 Nonemployee Compensation
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Box 4 Federal Income Tax Withheld
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Box 5 State Tax Withheld