IRS 1099-MISC and 1099-NEC information may be accumulated for salespersons or vendors you are required to provide with a 1099-MISC/1099-NEC form at the end of the calendar year. You are also able to print the data on the government supplied 1099-MISC form, as well as the 1096 Summary forms.
The 1099-MISC choices provided include: Rent, Royalties and Other Income. These coincide with the most used categories on the 1099-MISC form. The 1099-NEC form is used for Nonemployee Compensation.
Important: You may be required to purchase and submit both 1099-MISC and 1099-NEC so be aware of this when purchasing your forms for the end of the year.
The 1099-MISC choices provided include: Rent, Royalties and Other Income. These coincide with the most used categories on the 1099-MISC form. The 1099-NEC form is used for Nonemployee Compensation.
Important: You may be required to purchase and submit both 1099-MISC and 1099-NEC so be aware of this when purchasing your forms for the end of the year.
Any Vendor who will need a 1099-MISC/1099-NEC at the end of a calendar year will need to have to have a Tax ID and the correct category assigned under the Other Expander in Vendor Setup/Manage.
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