Forms 1099-NEC and 1099-MISC

# Forms 1099-NEC and 1099-MISC

You send a 1099 to a person or business you paid for services, rent or other reportable payments. The form tells that person and the IRS what you paid in the year.

Who gets one

• 1099-NEC for non-employee compensation, such as a contractor paid for services. For payments made in 2026 the threshold is $2,000 per person. The threshold has changed in recent years, so check the IRS instructions for later years.
• 1099-MISC for rent, royalties, prizes and some other payments.
• Corporations are generally not sent a 1099-NEC for services. Some exceptions apply, so ask your accountant.
• Ask each supplier for a Form W-9 before you pay them. It gives you the name and taxpayer number you need.

Recording a supplier

Pop Books does not have a 1099 flag on a supplier yet. Until it does:

1. Open the supplier in Customers and suppliers.
2. Enter the taxpayer number in the tax ID field.
3. Write the date you received the W-9 in the notes.

Year-end list

1. List every supplier you paid for services, rent or royalties in the year.
2. For each one, total the payments in the year using the statement for that supplier. Check the payments, not only the bills.
3. Keep only suppliers at or above the threshold on the list.
4. Give the list to your accountant or your 1099 filing service before the deadline. Forms 1099-NEC go to recipients and the IRS by January 31.

Pop Books does not file this for you. Pop Books doesn't offer filing through a 1099 partner. The product does not produce the form itself.