You made payments to the payee of at least $600 during the year.Ĭlick here to jump to instructions on how to generate and file 1099-NEC forms with Wave Important datesįorm 1099-NEC is due to your contractors and the IRS by January 31st of the following tax year.You made the payment to an individual, partnership, estate, or, in some cases, a corporation.You made the payment for services in the course of your trade or business (including government agencies and nonprofit organizations).You made the payment to someone who is not your employee.If the following four conditions are met, you must generally report a payment as NEC: ![]() You must send Form 1099-NEC, Non-employee Compensation (NEC), to any contractors you have paid at least $600 to during 2022, as well as file the form(s) with the Internal Revenue Service (IRS). ![]() How can I ensure my 1099-NEC forms generate with correct amounts? How to generate and file Form 1099-NEC with Wave This form will be available to generate in Wave beginning on January 16, 2023 ![]() Non-employee compensation is reported in Box 1 of Form 1099-NEC.
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