Details: This Adams 1099 NEC pack has all the forms you need for 20 recipients. Includes 20 4-Part 1099 NEC sets on continuous feed paper for pin fed dot matrix printers and 3 1096 summary forms on plain paper. The 1099 NEC returns in a smaller, 3-up format for 2021. You must mail or eFile your 1099 NEC to the IRS and furnish copies to your recipients by January 31, 2022. What counts as nonemployee compensation and who needs to file? You’ll need to file the NEC if all of the following are true: you paid more than $600 in compensation to a contractor (someone who is not your employee) for services; you paid a person, a partnership, an estate, or, in some cases a corporation; and you withheld federal income tax (box 4) under backup withholding rules in any amount. Look for 2 NEC updates in 2021. You can now report payer-made sales of $5,000 or more in 1099-NEC box 2 OR 1099-MISC box 7, so fewer filers will need both forms. Also, you can no longer report cash paid for fish for resale in 1099-NEC box 1; you’ll use 1099-MISC box 11 instead. See IRS instructions for complete details. Adams 2021 1099 NEC tax forms are inkjet and laser printer compatible. Forms meet IRS specifications. Acid free paper and heat-resistant inks produce smudge-free, archival safe records. Use these 2021 1099 MISC forms with QuickBooks and other accounting software programs. Also compatible with Adams Tax Forms Helper Online, the quick and easy way to prepare tax forms without discs, downloads or updates. Software not included. Don’t forget Adams 3 up 1099 envelopes to complete your sets. 20 Pack.
Release Date: 01-09-2021
Package Dimensions: 15x293x390