How To File 1099-NEC ONLINE - Requirements, Threshold & What To Do If You Didn't Get Their Info!

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3 жыл бұрын

Getting started with accounting & taxes? Get the free basic Business Spreadsheet Template and training, right now here: www.amandarussell.mba/gettheb...
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Пікірлер: 84

@swompy222 2 жыл бұрын

Thank you, hours trying to figure this out manually, this is a huge save. Using the website huge plus.

@miriamortiz9552 2 жыл бұрын

Thank you sooooo much, just what I needed. Very simple and helpful.

@yanrobert5968 2 жыл бұрын

Very easy ,paid $2.9 . fixed all my headache. Thank you for this video.

@1sarahsmith1 Жыл бұрын

So very helpful - thanks a million! Just filed my 8 1099-NECs instead of hassling with the paper forms I'd ordered.

@nms1508 3 жыл бұрын

Hello!!!! Just started following you and you have been so helpful!!

@bitangaproductions 2 жыл бұрын

The best video out there on how to file!

@woodysfps 2 жыл бұрын

super helpfull thank you liked and subbed. the best option out there for doing this. so cheap compared the time that could have been wasted.

@theessentialpearl Жыл бұрын

Very grateful for your video and for suggesting Tax1099. I paid nearly $70 last year to get ONE filed for my VA, and today I filed it for under $5! I was so happy I came across your channel. Thank you so much.

@maxmartins8813 2 жыл бұрын

thanks beauty !!! great video , very helpful !!!

@mariondasaev6922 3 жыл бұрын

Love your videos! Thank you

@TheBergs1986 2 жыл бұрын

Very helpful video. Thanks!

@mahimabhargava207 2 жыл бұрын

Thank you so much! I was so stressed out trying to understand how to go through the IRS website to file it as this is the first time, and your video made it so simple for me. Warm regards!

@MrTimdtoolman1 2 жыл бұрын

Thank you, this was very helpful for me.

@joshwantjaiwan4193 2 жыл бұрын

You are the best , thank you so so much , u made it so so easy for me

@marissalynn281 3 жыл бұрын

My partnership filed 1065 and took a loss.. got our K-1s. We barely opened in nov2019 I didn’t have an income that whole year, should I still file form 1040 to add that loss or is it ok to just skip on doing taxes this year?

@charlesayewa 5 ай бұрын

Appreciate your education out here and l look forward to learning and working with you since i live in NH. One question, don I file 1099 for businesses that sent me invoices for flooring material and kitchen counter tops when i did remodel work in my real estate investment units?

@NARONGKENTCHOPEL 2 жыл бұрын

Thank you!

@mariachaires8063 2 жыл бұрын

Hi, question I submitted 2 1099s for contractos using this software but I missed to input the TIN, can I stop it from getting reviewed? It's already in submitted status

@lindsaykunz7481 2 жыл бұрын

How do you know if your state requires reciprocal filing? Does PA require it?

@HitsandHeadlines Жыл бұрын

at 8:15 how do i know if i need to click state filing? thank you so much for this video! massive help

@invinciblewellbeing6304 Жыл бұрын

Good question

@djTaranehEnt Жыл бұрын

Thanks for the video. I already have the EIN, but on the bottom left corner i'm asked for "account number". How can I find my IRS "Account Number"? Thank you,

@fengtao4596 3 жыл бұрын

I have a 1099-NEC when I fill the information online , they ask me about ss-8 , I never received that, what should I do

@vinodhkumar4197 2 жыл бұрын

Can you please explain me about how file taxes for the llc or partnership where all the parters have no SSN and they are from foreign country and they have only ITIN and also please tell me what are the extra form need to submit to irs while filing the business return

@blancavillaalva3749 3 жыл бұрын

Hi!! Do you have a course? I’m starting a business and no clue about finances. Thanks!

@enlightened7777 3 жыл бұрын

What if you pay your self employment tax quarterly? When you get that 1099-NEC, you only pay the taxes on the taxes for the first quarter of the year, not for the three quarters of the previous year?

@davidd34 2 жыл бұрын

Amanda, re contractors are they considered such only if They provide materials & labor and considered employees if I provide materials and they the labor? Also which State takes precedent as to which State to file in, if they live in one state yet work in another?

@eddiemorph63 3 жыл бұрын

Hi there do u have any info about the 10200 dollars u dont have to pay taxes on for unemployment benefits and how do u file unemployment taxes

@amphindian 2 жыл бұрын

I requested the red form from the IRS over a month ago and IRS said they are out of stock. How do I get the form otherwise?

@mandanasoltani8115 5 ай бұрын

Question. As sole proprietors when I want to give a1099 form to someone who works for me. Should I choose individual or business?

@sanyu707 3 жыл бұрын

Thank you 🙏

@deborahkbrown9439 3 жыл бұрын

what if I have 1099NEC plus W2 though year plus1099R how to file

@kelbo23 2 жыл бұрын

Hey on the 1099 nec paying the contractors. Are we reporting the gross or net that we paid the contractors?

@texasRoofDoctor Жыл бұрын

Great solution vs using irs site.

@Yatusabez 3 жыл бұрын

Our employer sent us a 1099 NEC form ...the gross amount hey said they paid us was more than $14K off ...they must have forgotten they had us on W-2 withholding for the majority of time worked... we’ve reached out to them to correct the huge mistake yet no response!! Now what ?

@rebeccalam236 2 жыл бұрын

Thank you for your video! Could you tell me which form to file legal service, 1099-NEC or 1099-MISC?

@businessfinancecoach Жыл бұрын

Not enough information to understand your question!

@thehustlenetwork 2 жыл бұрын

Hi Amanda, is their a way to contact you to set a up a call? Do you have a booking site. I have some questions

@judiecampbell3737 3 ай бұрын

Please help me

@miriammillan 3 жыл бұрын

What if we send the 1099-NEC late to the IRS?

@mopopisa 2 жыл бұрын

I wish you would have explained box 7 a little more "State income" on the NEC form. Do you leave that blank? or input the same amount as box 1 (Nonemployee compensation) if there were no withholdings.

@businessfinancecoach 2 жыл бұрын

Good question. It's less important for the NEC form as the contractor is required to report it for the relevant state. State taxes follow federal taxes. Generally, if they work in a state, that is the state you report the same amount as federal.

@sharesathomasmitchell2226 3 жыл бұрын

I need help filling my business tax this is my first time.

@TechnoGlowStick 2 жыл бұрын

Hello! 😃 I'm new to your channel. If you don't mind I have a question about 1099 tax forms. There are some 1099 tax forms (both 1099-MISC and 1099-NEC) that I will not receive from some companies (mainly because they told me directly that they don't send those forms out 🙁). One company told me that they will not send me the form, because I did not meet the $600 threshold this calendar year. If I did not make the 600 dollar threshold to receive to get a 1099-MISC (or 1099-NEC), does that mean I only need to report all my different below $600 earnings in a Schedule C? Or do I need to create a 1099 myself? Please, let me know! 😃

@businessfinancecoach 2 жыл бұрын

You report all of the money you are paid, regardless of the forms you received. Check out my other videos on filing your taxes with freetaxUSA and TurboTax, I show you exactly how to enter it all.

@patty7187 2 жыл бұрын

We forgot to file the 1099 nec what do we do

@Youngminded4eva 3 жыл бұрын

Having trouble logging into your site to do the training. Says cannot connect with server. Please help

@businessfinancecoach 3 жыл бұрын

You should have gotten an email! It was down for a few hours

@tomorrowsbridges2832 2 жыл бұрын

I really appreciate your info. I do have 1 question, if I paid all my transactions through Cash App is a 1099 required, or are they on the same level as PayPal / Stripe as a payment processing platform???

@businessfinancecoach Жыл бұрын

Doesn't matter how you paid them.

@bklynwn 2 жыл бұрын

What about a person who provided a product for a fee. 1099 ?

@candycotedkisses 3 жыл бұрын

I'll be filling a 1099nec but where do I include the PUA (pandemic unemployment assistance) I got last year? I need to send proof to PUA all income made in 2020. Help.

@businessfinancecoach 3 жыл бұрын

You don't file it for yourself, only people you pay

@Lisa_GalCali 2 жыл бұрын

This was VERY helpful. QUESTION THO, what about the 1096. How do I submit that? Or do I not need to?

@businessfinancecoach Жыл бұрын

1096 is only if you don't e-file and you file by paper

@d.revilbrook981 3 жыл бұрын

How much to file your taxes with tax1099

@tajollyman 2 жыл бұрын

Hi, this is SO helpful, thank you! Do I need to file a 1096? My business is a sole proprietorship. Thanks!

@businessfinancecoach Жыл бұрын

Not if you e-file, no. Only when you file by pape is 1096 needed

@coletteonenda9854 3 жыл бұрын

Thanks for this. So is this applicable to apply as contractor instead a company??

@businessfinancecoach 3 жыл бұрын

Yes applicable to everyone!

@nomade0717 3 жыл бұрын

I filed taxes already had no idea had to include that NEC info..

@salano2 3 жыл бұрын

This is a new form in 2021... for 2020 it would still be 1099-MISC

@slagace4392 Жыл бұрын

When adding the amount that we paid them do we use the before tax invoice amount or after tax invoice amount?

@businessfinancecoach Жыл бұрын

Sounds like you are talking about sales tax they included on the invoice? You would include the entire amount you paid them on the invoices (including the sales tax)....

@tanisha_tlc 3 жыл бұрын

Hi, Thanks for sharing, what if I paid my kids? My daughter is 15, and my son is 8.

@yanrobert5968 2 жыл бұрын

hello, did you file for you kids? I want to file to my parents.

@nc2052 Жыл бұрын

Thank you so much all you do for us.will you please explain step by step to file 1099 nec thru freetax usa sites?I am a independent truck driver . Please maam.

@businessfinancecoach Жыл бұрын

You mean to file the ones you received from companies that paid you on your income taxes?

@okaoalal3144 3 жыл бұрын

Hey I’m 16 and I was wondering if I need to get a llc for lawn care that is only taking care of residential properties I was thinking just getting started since I have zero customers I want to just start working and then file for a Llc next year when I have customers

@salano2 3 жыл бұрын

You don't need to have an llc, you would just be an independent contractor. I wouldn't create an llc until you are making at least $50,000 a year from your business, it's just not worth the headache of doing everything with an LLC if you are making a few thousand a year.

@okaoalal3144 3 жыл бұрын

@@salano2 alright thank u I was just curious what would happen

@samanthalee2537 3 жыл бұрын

Is it too late to file 1099 nec?

@judiecampbell3737 3 ай бұрын

Need help getting 1099 NEC

@DPCrazyXD 3 жыл бұрын

TurboTax is charging $220 for federal and state for my W2 and side job. It feels like so much money :/

@salano2 3 жыл бұрын

Use cred karma, they are completely free.

@businessfinancecoach 3 жыл бұрын

Use freetaxusa and follow my videos!

@zxzxzxz27 2 жыл бұрын

Hi, I’m a owner of a small business. I paid my employee by checks every 2 week. Its better to give him 1099NEC or 1099 MISC? Thanks

@businessfinancecoach 2 жыл бұрын

There's no option, you must use a 1099-NEC when you pay someone for work. Note: that an EMPLOYEE means that you are following payroll tax rules and you must file a W-2. I assume you meant to say a contractor or someone you are paying without treating them as an employee.

@zxzxzxz27 2 жыл бұрын

@@businessfinancecoach Do I have to send 1096 separately in the mail? i already submitted the 1099nec online. Should I include the 1099nec again with 1096 to send off on the mail. or should i just send the 1096 only, because i already submitted the electronic one. Thanks

@shukrihassanhared9701 3 жыл бұрын

Send us as soft pdf

@crislo3811 2 жыл бұрын

California guess doesn’t participate

@TheBerliner Жыл бұрын

Why not e-file with the IRS for free? -- I wish you had described that option as well

@businessfinancecoach Жыл бұрын

Because you couldn't do so when this video was published! Keep in mind, filing with the IRS directly is usually far more difficult than using a 3rd party. But, we'll see! See here to do so with the IRS: www.irs.gov/filing/e-file-forms-1099-with-iris#:~:text=Now%20Open%3A%20Electronically%20file%20any,you%20must%20file%20them%20electronically.