Standard Report - 1099 NEC Report

Report Description

The 1099 NEC format includes three employees on each page and will print on regular paper, though we do recommend utilizing paper with perforation.  The type of paper to use is called 1099 NEC 3 up blank and you can find it online or at many retailers of office supplies. 

Most of the options found online will be blank on one side with instructions on the back.  If you choose not to use perforated paper, you could use blank paper and provide a copy of the instruction page found on the IRS website: 

https://www.irs.gov/pub/irs-pdf/f1099nec.pdf 

Parameters

Parameter Name	Options	Description
Year	Year | Supplier Name	List of years greater than 2022 of quarter 4 along with the supplier name whose supplier property GenerateSeparateGSXMLFile is set to True.
SSN	Text field to enter employee’s SSN/agency’s FEIN	Filters Payee’s SSN or FEIN
Generate For	IRS (Review only), Employee, State	Displays the information as per the value for Generate For.
Vendor State	List of states in US and Canada	Filters Payee’s state

Report Fields

The 1099 NEC Report will display the payee information whose gross amount is more than or equal to $600 for the tax year.

Field Name	Description
CORRECTED	If checked, it's a corrected version
Supplier Name	Supplier Name of the 4th quarter passed in the Year parameter
Supplier Address 1	Supplier’s address of the 4th quarter passed in the Year parameter
Supplier Phone #	Supplier’s Main Phone Number
Payer's TIN	Supplier’s FEIN
Recipient's TIN	Payee’s SSN or FEIN
Nonemployee compensation	Payee’s Gross Amount
RECIPIENT'S name	Payee’s Name
Street address	Payee’s Primary Address 1 and Address 2
City	Payee’s Primary City
State	Payee’s Primary State
Zip Code	Payee’s Primary Zip Code
Federal income tax withheld	N/A
Account number	N/A
State tax withheld	N/A
State/Payer's state no.	N/A
State income	N/A

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