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For each 1099 vendor you pay at least $600 to, you must complete and file Form 1099-MISC, Miscellaneous Information. Use Form 1099-MISC to report how much you paid in miscellaneous payments.

For reporting non-employment income paid to contractors, businesses use Form 1099-NEC, Nonemployee Compensation. For other types of payments or transactions, you may need to use Form 1099-MISC, Miscellaneous Income, and/or , and the 1099-K, Payment Card and Third-Party Network Transactions.

What happens if a contractor does not provide a W9? You will still need to file a 1099-NEC but, ing to the IRS, you will not be able to file electronically with incomplete information. You are required to submit the 1099 form by paper and in the box labeled TIN or Social Security number you will write ?refuse.?

Form 1099-NEC is a new form that businesses are required to file with the IRS annually to report nonemployee compensation (NEC). This means that if you've made payments to individuals or companies for services who are not your employees, you may be required to file this type of information return.

Paper 1099 forms: You can order paper 1099 forms from the IRS by calling 800-TAX-FORM (800-282-3676). When filling out the paper form, make sure you get Form 1096 alongside your 1099 form, fill them out and mail them together. Form 1096 summarizes the 1099 forms you plan to issue and should be sent with copies of 1099.

Independent contractors, like freelancers and real estate agents, in the U.S. (citizens or non-resident aliens) filing a Form W-9 and other business service providers not on the payroll (receiving Form W-2) should expect to receive Form 1099-NEC from each client exceeding the $600 or more reporting threshold.