- Adams 1099 NEC Tax Kit gives you everything you need to report nonemployee compensation for 12 recipients; includes 5-part 1099 NEC forms, peel and seal envelopes, 3 1096 & Tax Forms Helper Online
- Starting in 2020, new Form 1099 NEC records all nonemployee compensation payments to the IRS and recipients, replacing Box 7 on the 1099 MISC
- White 5-Part 1099 NEC forms print 2 to a page on 6 micro perforated sheets with copies A, C, B, 2 & C; includes scannable red ink copies required for paper filing
- Includes a year’s access to Adams Tax Forms Helper Online—the seamless, quick and easy way to prepare Adams tax forms; QuickBooks and accounting software compatible
- You must mail or e-file your 2020 1099-NEC to the IRS and furnish copies to your recipients by February 1, 2021
Package Dimensions: 18x281x281
Release Date: 25-09-2020
Details: This Adams 1099 NEC Tax Forms Kit provides everything you need to report nonemployee compensation for up to 12 recipients. Includes 12 5-Part 1099 NEC forms, 12 self seal security envelopes, 3 1096 summary forms, and access to Adams Tax Forms Helper Online, the fast and easy way to file. As of 2020, you’ll use the new Form 1099 NEC to report nonemployee compensation, replacing Box 7 on the 1099 MISC. The 1099 NEC was retired after the 1982 tax season but returns this year to simplify filing deadlines for NEC payments. You must mail or e-file your 1099 NEC to the IRS and furnish copies to your recipients by February 1, 2021. On the new 1099 NEC form, you’ll report nonemployee compensation (NEC) payments in Box 1, backup withholding in Box 4 and state withholding in Boxes 5 through 7. What counts as nonemployee compensation? You’ll need to file the NEC if you paid more than $600 in compensation to someone not your employee for services; you paid a person, partnership, estate, or, in some cases a corporation; and you withheld federal income tax (box 4) under backup withholding rules in any amount. See IRS instructions for complete details. Adams laser tax forms work with your inkjet or laser printer. Use these 1099 NEC forms 2020 for QuickBooks and other accounting software. Acid free paper and heat-resistant inks produce smudge-free, archival safe records. Forms meet or exceed IRS specifications. Comes with durable 1099 tax envelopes. Our 1099 envelopes have a security tint, strong peel & seal adhesive and double windows. Precise window placement keeps personally identifiable information secure. 12 Pack.