Description
Get IRS Form 1099NEC for up to 50 recipients TOPS 1099NEC pack includes 50 5part 1099NEC sets and three 1096 summary forms Youll use the 1099NEC to report nonemployee compensation for your independent contractors and attorneys This year there are two reporting updates for the NEC 1 You can report payermade sales of 5000 or more on the NEC in box 2 OR on the MISC in box 7 so fewer filers will need both forms 2 You can no longer report cash payments for the purchase of fish for resale in NEC box 1 Use 1099MISC box 11 instead The IRS has reduced the size of the NEC to fit 3 forms per sheet this year so be certain to grab new NEC envelopes designed to fit 3up forms
Package Includes 3 1096 Summary amp Transmittal Forms
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