IRS Release Status: FINAL

Sample Excel Import File: 1099-NEC 2020.xlsx

Sample Multi-PCode Excel Import File (Corporate Suite Only): 1099-NEC 2020 Multi Pcode w Filter RecType.xlsx

New Form

  • Form Title: Nonemployee Compensation
  • What to report: Nonemployee compensation payment of $600 or more
  • Due to IRS: February 1, 2021 (For both paper and electronic filing)
  • Due to Recipients: February 1, 2021

Import Form Fields:

Field NameSizeType DescriptionNotes
See Form Filer Common FieldsFiler fields common to all form types.
See Recipient Common FieldsRecipient fields common to all form types.
FATCA Checkbox1CheckboxFATCA filing requirementX / Y / T / 1 = Checked
2nd TIN notice1Checkbox2nd TIN noticeX / Y / T / 1 = Checked

Box 1 Amount

12Amount

Box 1: Nonemployee compensation


Box 4 Amount12Amount

Box 4: Federal income tax withheld


Box 5 Amount12AmountBox 5: State tax withheld
Box 6 State2TextBox 6: State abbreviation codeUse state abbreviation
Box 6 ID Number20TextBox 6: State ID numberGiven by State Department of Revenue
Box 7 Amount12AmountBox 7: State Income
See Form Common Fields

Form fields common to all form types.

1099-NEC Form:

IRS 1099-NEC Form:  1099-NEC 2020 Form

IRS 1099-NEC Instructions:  1099-NEC 2020 Instructions

                 

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