What is the difference between Form 1099-MISC and Form 1099-NEC?
The non-employee compensation is usually reported on Form 1099-MISC Box 7. To clear up the deadline confusion and to separate non-employee expenses, the IRS introduced 1099-NEC for tax year 2020. The arrival of this form means that the non-employee compensation doesn’t have to be reported using Form 1099-MISC anymore.
Learn more about Form 1099-MISC and 1099-NEC differences.
Why TaxBandits to E-file Form 1099-MISC?
The most simple and best way to file 1099-MISC online is through an innovative tax filing solution called TaxBandits. TaxBandits allows small businesses and nonprofits to file all the necessary forms themselves from their easy-to-navigate account.
If you file 1099-MISC with TaxBandits, you won’t miss the deadline! We provide all the employment wage tax returns you need online along with step-by-step e-filing instructions so you can instantly complete your returns and transmit them directly to the IRS.
Our Exclusive Features
Save tons of time with exclusive TaxBandits features which include, bulk upload and postal mailing, print center. Instead of entering each of your employees information one at a time, simply use the bulk upload feature to import all of their data at once. Once completed, you can use our postal mailing feature to have us print and mail hard copies of the return to each recipient.