Forms 1099

Tax Forms 1099-MISC (Miscellaneous Information) and 1099-NEC (Nonemployee Compensation) are used to report miscellaneous income and nonemployee compensation respectively. Both forms are issued by the US Internal Revenue Service (IRS).

Tax Reporting enables you to retrieve and export data from payments made to 1099 reportable vendor accounts. From the Tax Reporting Tax Launcher tab, you define the criteria that your transaction line items must meet. All eligible transaction line items are then retrieved and exported to a CSV file. The file contains the total value of the transaction line items retrieved for each account and each income tax type. The file also includes information about the selected company and the accounts. This information enables you to complete your Forms 1099-MISC and 1099-NEC for your US companies.

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You cannot submit your Forms 1099-MISC and 1099-NEC to the IRS directly from Tax Reporting. You have the following options for the submission:

  • Submission via your online accounting software
  • Submission through the IRS' online portal
  • Submission by a registered tax advisor or IRS agent