Form 1099-NEC: Generate and file contractor Non-employee Compensation forms

You must have an active subscription to Wave’s payroll feature to generate 1099-NEC forms. The cost for filing with Wave is $5 per form.

Generate and file Form 1099-NEC with Wave

Generate and file Form 1099-NEC manually

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Wave generates Form 1099-NEC by including all payments made during the tax year to a vendor entered as a 1099-NEC contractor. The date of a payment is used to determine if a payment is included on the 1099-NEC, not the date of the bill.

Generate and file Form 1099-NEC with Wave

Your 2023 1099-NEC forms will be available to generate in Wave in January 2024.

        1. On the left-side menu, click Payroll > Tax Forms.
        2. Select the year from the dropdown menu at the top of the page.
        3. Click Generate next to the 1099 you would like to file.
        4. Review and confirm the details of the form.
        5. Click Generate 1099-NEC.
        6. Click Download Copy B to download the contractor copy.
        7. Click Download Copy C to download this copy for your reference.
        8. Click File this 1099-NEC now and Wave will handle federal and applicable state filing for this 1099-NEC.
        9. Repeat steps 3 to 8 for each contractor requiring a 1099.

Provide each Copy B to the relevant contractor outside of Wave. Copy C is for your records.

Generate and file Form 1099-NEC manually

You can file Form 1099-NEC electronically with the IRS using FIRE (Filing Information Returns Electronically) or IRIS (Information Returns Intake System). If you choose to file on paper, review this IRS resource: Instructions for Forms 1099-MISC and 1099-NEC. The IRS requires you to e-file if you have to submit more than 10 Form 1099-NEC.

        1. On the left-side menu, click Payroll > Tax Forms.
        2. Select the year from the dropdown menu at the top of the page.
        3. Click Generate next to the 1099 you would like to file.
        4. Review and confirm the details of the form.
        5. Click Generate 1099-NEC.
        6. Click Download Copy B to provide to your contractor so they can file their taxes.
        7. Click Download Copy C to save for future reference.
        8. Click Download Copy A to file with the IRS. This form is for informational purposes only. To manually file with the IRS, you’ll need to order official forms from the IRS.
        9. Repeat steps 3 to 8 for each contractor requiring a 1099-NEC.

If you choose to paper file, you will be required to submit a Form 1096 outside of Wave. This form is not sent to contractors and is not required if filing electronically.

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