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