What is the 1099-NEC?

The 1099-NEC is a form added by the IRS starting in the 2020 tax filing year.  The 1099-NEC is used to report non-employee compensation.  In prior tax years, non-employee compensation was reported on the 1099-MISC form.

Yearli offers the ability to file the 1099-NEC to the federal and applicable state government agencies.  To enter a 1099-NEC form:

  1. Log in to your Yearli account.
  2. Select Start New Forms.
  3. Select Data Entry.
  4. Choose the 1099-NEC.
  5. Complete the necessary information on the form.
  6. Select Save.
  7. Select Start Another to complete additional 1099-NEC forms or select Next to continue.

 

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